CellPoint, Chargebacks911 Team to Optimize Merchant Payments

Global payments orchestration platform CellPoint Digital has teamed up with Chargebacks911 to streamline chargeback prevention, management and resolution for clients.

Chargebacks911 touts itself as “the first global company dedicated to helping merchants combat post-transactional fraud,” according to the Monday (July 25) press release. It has more than 100 subject matter experts and offers support for 27 industries, and the company manages more than 2.4 billion transactions every month.

The Chargebacks911 platform offers a centralized system for aggregating chargebacks and dispute-related data, automating transmission files across multiple providers, per the release.

“We’re incredibly excited to start working with Chargebacks911,” CellPoint Digital CEO Kristian Gjerding said in the release. “Its global footprint and breakthrough technology makes it the natural choice to be our exclusive partner in providing merchants with chargeback management solutions.

“Its chargeback solutions and our payment orchestration platform will make a powerful combination for mid-market and enterprise clients across verticals, especially considering the explosive growth of e-commerce and cross-border transactions, and the anticipated related growth in chargebacks.”

Additionally, Chargebacks911 Chief Commercial Officer Eric Deraspe said the partnership gives merchants “a centralized system for consolidating chargeback data and this capability is part of the core functionality we provide to merchants.”

“We feel that CellPoint Digital’s position as the global leader in payments orchestration and our global merchant footprint and mutual commitment to innovation makes this a perfect partnership to make a real difference for merchants and how they prevent and manage chargebacks,” Deraspe said.

In January, CellPoint Digital raised $25 million from Toscafund and its private equity arm, Penta Capital, to help the company expand on a global level while strengthening its recent move into new markets, including retail, gaming, cryptocurrency and digital content.

Related: Payment Orchestration Platform CellPoint Digital Raises $25M

The company is among the market leaders in payment orchestration for travel. CellPoint Digital orchestrates payments across regions and payment methods and enables merchants to embrace a multi-acquirer payments model, which can generate new growth alternatives.

For all PYMNTS EMEA coverage, subscribe to the daily EMEA Newsletter.