Someone asked about chargebacks the other day and got this from the announcement. Hope it helps
'The Company's patents provide a means to capture 'compelling evidence', which is a means to reverse chargebacks under the Visa Inc. and Mastercard Worldwide operating rules.
According to the Australian Payments Network, Australian Card-not-present (CNP) fraud during 2016 increased to $417.6 million, up from $363 million in 2015. Seventy Six percent (76%) of all payments fraud in Australia is card not present fraud.'
ISX Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
