Tampa Bay, Fla., Sept. 19, 2016 – A new report issued by Aite Group reveals that U.S. chargebacks will grow to nearly $6 billion this year,(1) and projects that false declines will increase 25% within the next two years.(2) The report’s authors propose that merchants and credit card issuers can improve both metrics with better cooperation, data-sharing and communication. Chargebacks911 (chargebacks911.com/), a leading dispute mitigation and risk management firm, urges merchants and issuers to heed the report’s recommendations, emphasizing that collaboration and information-sharing will magnify the impact of each player’s own fraud-control and loss-prevention measures.

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