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                                                                                                                                 S Spotlight Innovators
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                                                    StreetSmarts
        and don't have time to research or try to understand a   portal, available for your merchants to download, email or
        particular merchant or situation.                       fax to card issuers. If they don't have a fax machine, they                                                  Spotlighting companies that promote
                                                                can get an e-fax account for around $10 to $20 per month.
        Keep the letter simple. Explain how someone bought a                                                                                                                 innovation in the payments industry
        shirt  at your  store  and  the  receipt clearly  states that  all   When  we  train  merchants  on  how  to  leverage  artificial
        sales are final, or that a customer paid with an EMV card,   intelligence and machine learning, we always tell them
        which proves a card-present sale.                       that working with AI is a journey. Don't expect your AI
                                                                agents to get it right every time. Train them, review and
        Or explain how a customer dined and paid for a meal     edit their work, and continue to provide feedback.
        in your restaurant, where sales are always final because
        that's how it works in restaurants. Above all, keep these   With all the advanced, affordable tools and technologies
        letters all about business. Skip details about the customer's   available to merchants today, there's no reason why
        behavior.                                               businesses can't have the upper hand in mitigating risk
                                                                and disputes. Helping merchants leverage these solutions
        So many restaurants and bars don't bother responding    goes  to  the  very  heart  of  what  we  do,  and  our  value
        to  small-transaction disputes. They just eat them and   proposition as ISOs and merchant level salespeople.
        move on. But I had one merchant who got wise to a serial
        offender who kept charging back the same card; that     Want to know more? Keep reading  The Green Sheet and
        person has been permanently banned from the restaurant.   consider following me on LinkedIn, where we can share
        Card issuers should consider revoking these credit cards   ideas and support each other.
        accounts as well.

        Toward intelligent systems                              Allen Kopelman, a serial entrepreneur, is co-founder and CEO of
                                                                Nationwide Payment Systems Inc. and host of B2B Vault: The Biz
        Merchants  can  use  AI to  help  draft  chargeback  letters,   to Biz podcast. Email him at  allen@npsbank.com and connect on
        spot fraud and react quickly to disputes. It's a good idea to   LinkedIn  https://www.linkedin.com/in/allenkopelman/ and X  @
        have a few boilerplate chargeback letters in the merchant   AllenKopelman.


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                                                                                                                                            your company’s unique message


                                                                                                                                           • Your own, customized News from the Wire that highlights

                                                                                                                                             stories about your company

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                                                                                                                                                                     Rick@greensheet.com





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