How do corporations stop fraudulent chargeback claims?

Question

Accepted Answer

By conducting proper identity verification service and customer’s due diligence before the transaction, businesses can prevent themselves from false chargeback claims. Identity verification has been carried out for decades, but the manual process is time-intensive and a human error occurs. Artificial automated identity authentication solutions have recently been launched due to the developments in the IT market. These systems confirm consumer identity in a few seconds from anywhere in the world.