As per a new survey by Ravelin –a fraud detection specialist, it has been observed that modern mobile-based payment platforms are leading to higher instances of the occurrence of ‘friendly fraud.’
Payment disputes that are correlated with friendly frauds are expected to increase because of the pandemic-accelerated increase in e-commerce. Networks, processors, and card issuers are observing that consumers who seek contactless purchasing tend to be making the respective conventional methods of managing disputes unsustainable.
Advanced analytics, new technologies, and redesigned processes might have a major impact. However, through history, the industry has been gradual when it comes to investing in back-office improvements. When the issuer would include modern technology –like automation, to the current processes, it turns out to be preventive rather than strategic. This is the reason why it is high time that we should reconsider the way in which we approach the given claims.
Friendly Frauds & COVID-19
The ongoing pandemic has forced the end consumers to scale back or eliminate shopping trips to brick-and-mortar retailers out there. This has resulted in delivering more transactions to e-commerce. Due to this, average transaction amounts tend to be shrinking. As more retailers are offering free shipping, consumers are no longer required to bundle up subsequent purchases. Supply chain disruptions, government restrictions, and financial hardships have altered purchasing patterns –leading consumers to cancel purchases, switch to alternate items, and re-approach subscription services.
The current purchasing trends have made the ongoing rules to settle disputes. More transactions result in more claims –creating backlogs and intimidating call centers. Along with pandemic-specific shopping trends, transactions have also become highly abstract because of the overall rise of in-app and digital payment platforms. The given options send over transaction-based data through some third party. This includes an extra layer between the merchant and the cardholder.
This leads to ample confusion as consumers are reviewing the respective statements. This often results in friendly frauds. It is regarded as a situation in which the consumer would dispute some legitimate charge. Consumers might not recognize a specific transaction that might have been bundled by some alternate digital storefront. On the other hand, the consumer might also realize that some family member or friend might have used the respective card. One of the most difficult claims that merchants have to verify is that the packages have not been delivered. Moreover, consumers have also found that contacting the respective credit card issuer turns out to be the most convenient way of disputing a charge –even after the overall ease with which the given matters could be resolved by directly contacting the merchant.
Ways to Improve the Consumer Experience
Just like merchants have brought about significant changes for retaining consumers during the pandemic, issuers are also expected to instantly reduce friction in the respective dispute processes while improving the cardholder experience. Here are some ways to achieve the same:
- Utilization of Self-Service, Robust Tools: When interactive tools are utilized for claim resolution, it offers the customers the overall ability to effectively understand the transaction & its respective context. At the same time, the consumers are also able to communicate directly with the merchants. As & when needed, the consumers can file a dispute claim with the respective issuer. This, in turn, would allow issuers to focus on the respective transactions requiring intervention while offering ample time to do so within the given set of regulatory timeline.
- Improved Insights into Transaction Data & Spend: With this capability, the consumers are allowed to effectively recognize the respective purchases while offering a more direct route for resolving disputes with the respective merchant. The presence of rich data also allows the consumers to review shipments, refunds, recurring expenditures, and cards on file. This tends to increase the overall customer confidence while preventing several disputes from getting filed in the first place.
- Advanced Tools for Customer Service: These tools enable representatives to easily resolve disputes while capturing top-quality data during the initial call. This helps in reducing the call times as well as the number of calls required for gathering details related to the dispute.
Issuers will also be required to regard a highly intelligent approach towards settling claims once they have been filed. Conventionally, they have dealt with dispute resolutions in the form of a binary decision. For instance, if the given charge is less than a specific amount, then it will get paid off automatically. On the other hand, charges above the given limit will be investigated properly. However, if a higher percentage of transactions would fall below the mark, then writing off the given transactions would turn out to be a losing proposition.
Proper investments done in predictive analysis & AI or Artificial Intelligence can help in allowing issuers to ensure smarter decisions by categorizing disputes while routing them to the most efficient methods for dispute resolution. The capability of associating an event –like a transaction swipe, along with Machine Learning models can help in offering a data-driven overview of the existing disputes. This tends to evolve with time dynamically.
Every charge that has been disputed can be scored for the resolution’s difficulty level. This helps in replacing the typical binary system of decision-making on the basis of conventional write-off limits. The utilization of real-time insights –like the detection of repeat abusers, will help in identifying the possibilities of frauds while ensuring successful merchant payback.
Issuers that pay attention to observing claims, complaints, and costs will be rising in the next few months. Such issuers should not expect any major reversal in the respective trends as put forth by the pandemic. Consumers that have turned to options like purchasing online for curbside pickup might not revert to traditional methods once the outbreak has been controlled.
The adoption of an intelligent approach towards friendly frauds as well as disputes can help in deflecting several claims while also reducing the overall costs and creating a highly sustainable model for the issuers out there.
HOW TO CHOOSE THE BEST JUICER FOR YOU
A juicer is a kitchen appliance that extracts juice from fruits and vegetables. There are different types of juicers on the market, so it’s important to know which one is right for you. Some are better for making fresh juice, while others are better for making smoothies. If you’re looking for a new way to add more fruits and vegetables to your diet, a juicer may be just what you need.
When you’re looking for a juicer, there are so many choices to make. How much should you spend? What type of juicer is best for you? In this blog post, we’ll help you narrow down the options and find the perfect juicer for your needs. We’ll talk about the different types of juicers available and what each one can do for you. So whether you’re a beginner or an experienced juicer, read on to learn more!
How Often Do You Plan On Using The Juicer?
As any health enthusiast knows, juicing is a great way to get your daily dose of fruits and vegetables. Not only is it a convenient way to consume more produce, but it also allows you to extract the maximum amount of nutrients from each piece of fruit or vegetable. However, juicing can also be time-consuming and expensive. If you’re only planning on juicing occasional, then it might not be worth the investment. On the other hand, if you’re planning on juicing every day, then commercial juicers could be a great addition to your kitchen. Ultimately, the frequency with which you plan on using the juicer will be the deciding factor in whether or not it’s worth the purchase.
What Type Of Product Will You Be Juicing Most Often?
When it comes to juicing, there are a few things to consider. First, what type of juicer do you need? There are two main types of juicers: centrifugal and masticating. Centrifugal juicers are less expensive and easier to use, but they aren’t as efficient at juicing leafy greens. Masticating juicers are more expensive, but they extract more juice and preserve more nutrients. If you’re planning on juicing mostly fruits and vegetables, a centrifugal juicer will be fine. But if you want to do a lot of leafy green juicing, a masticating juicer is the way to go.
Second, what type of product will you be juicing? If you’re only interested in juicing fruits and vegetables, any type of juicer will work. But if you want to juice wheatgrass or other leafy greens, you’ll need a masticating juicer. Masticating juicers are also better at handling frozen fruits and vegetables. So if you’re looking for a versatile machine that can handle anything from carrots to frozen strawberries, a masticating juicer is the way to go.
How Much Space Do You Have To Store The Juicer?
When it comes to juicers, one of the most important considerations is how much counter space you have available. If you’re short on space, you may want to consider a smaller model that can be stored away when not in use. However, if you have plenty of counter space, you may want to opt for a larger model that can handle more fruits and vegetables at once. Another important consideration is how easy the juicer is to clean. Some models have detachable parts that can be washed in the dishwasher, while others require more manual cleaning. Be sure to choose a juicer that fits your needs in terms of both counter space and cleaning ease.
What Is Your Budget For A Juicer Purchase?
When it comes to juicers, there is a wide range of prices to choose from. Some basic models are quite affordable, while those with more feature-rich juicers can be quite expensive. So, what should you consider when deciding how much to spend on a juicer?
Firstly, think about how often you plan to use the juicer. If you’re only going to make the occasional smoothie or juice, then a basic model will probably suffice. On the other hand, if you’re planning on using your juicer regularly, then it’s worth investing in a higher-quality model that will last longer and produce better results.
Secondly, consider what type of juicer you want. There are many different types of juicers on the market, from centrifugal juicers to masticating juicers. Each type has its own set of advantages and disadvantages, so it’s worth doing some research to find out which type is best suited to your needs.
Lastly, take into account any special features that you might want in a juicer. Some newer models come with built-in food processors or other attachments that can be handy if you plan on doing more than just juicing with your machine. Of course, these extra features will add to the overall cost of the juicer, so only choose them if you feel they are truly necessary.
By taking all of these factors into consideration, you can decide how much to budget for your juicer purchase. Ultimately, the amount you spend should be based on your personal needs and preferences.
Do You Want A Manual Or Electric Juicer Model?
Deciding whether to buy a manual or electric juicer can be a tough decision. If you’re looking for a juicer that is fast and easy to use, an electric model is probably your best bet. However, electric juicers can be more expensive than manual models, and they sometimes require special attachments in order to work properly. If you’re looking for a juicer that is more affordable and easy to store, a manual model is probably the way to go. Manual juicers can be a bit more time-consuming to use than electric models, but they are typically much less expensive. Ultimately, the decision of which type of juicer to buy depends on your personal preferences and budget.
After considering these five main factors, the juicer that is best for you may become clearer. If you are someone who plans on using a juicer every day and wants to juice a wide variety of fruits and vegetables, then an electric model would be your best bet. However, if you are tight on space or have a smaller budget, then a manual model could be perfect for you. No matter what type of juicer you choose, make sure to read the reviews before purchasing so that you can ensure quality and satisfaction with your purchase!
How To Set Up An Indoor BBQ For The Summer
Summertime is all about relaxing, friends and family, and sharing good food and good times. One of the best things about summer is the grilling. There is nothing better than the smell of barbeque meat in the air. However, summer is also a time for sun exposure, which can lead to sunburned skin.
If you want to enjoy barbeque season without the hassle of sunburn and without spending too much time in the sun, read this article to learn how you can set up an indoor BBQ with minimal effort.
What are the benefits of an indoor BBQ?
Whether you live in the city or the country, an indoor barbecue is a great way to enjoy your summer. There are many benefits to having an indoor BBQ. First, it is great for the family to be able to enjoy the summer weather and cook food together. It is also a great way to spend time with friends and family on those hot summer days.
It is also a great way to cook food for parties and events. In addition, it is also a great way to keep your home cool during the summer. Lastly, it is a great way to cook food without a lot of mess.
How to set up an indoor BBQ
Setting up a BBQ is a fun and easy way to enjoy a summer afternoon. There are occasions though whether it is too hot or raining when you cannot enjoy your BBQ outside. This is when an indoor BBQ comes in handy. There are many things you will need to set up a great indoor BBQ, but this article will give you the information and knowledge you need to have a great time.
What is the equipment you will need
In order to set up an indoor barbecue, there are some things that you will need. The first thing you will need is an indoor smokeless grill. An electric grill can provide the great barbecue experience you want without having to tamper with smelly charcoal and messy propane tanks. There are many different models and features so make sure to take time to research before purchasing. Pat’s offers a great guide on what to look for in an indoor grill here. It will allow you to cook easily indoors and some models are versatile enough to be used inside and out.
The second thing you will need is of course some great meat for grilling. You can either buy some marinated or ready made burgers or steak, or you can be a bit adventurous, and try something new. This is the perfect time to try a new recipe that you have been thinking about.
If you are having guests that are vegetarians, you may also want to consider some non-meat courses. One of my favorites to make on the grill is a vegan quesadilla, you can get the recipe from this site. It is easy to make and tastes great.
For any successful barbecue you will also need some great side dishes. Whether your main course is chicken, turkey, or other meat you will want to have a wide selection of great side dishes. Many vegetables you can cook on your indoor grill . The best advice for these side dishes is to always stick with the classic.
Lastly, you will need a great beverage and wine to set the mood. Be sure to have a few different wines on your table so that you can sample a wide variety of wines. This will keep your guests happy and guessing what the next wine is going to taste like.
How long does it take to set up an indoor BBQ?
If you are in a hurry, and want to get your indoor BBQ up and running as soon as possible it will not take too long. If you already have grill tools on hand, then you can be grilling in no time at all.
A smokeless grill will usually come up to temperature within a few minutes of turning it on. This will vary by the model you have, but typically the temperature will reach 350 degrees in no more than 30 minutes. As an example, my Ninja Foodie grill takes approximately 10 minutes to reach 350 degrees.
Once your smokeless grill is up to temperature you can begin preheating your bbq cooker and start grilling on it as well. Once you are ready to eat you simply remove the meat from the grill and apply BBQ sauce or ketchup.
How to maintain an Electric BBQ Grill
Most indoor grills offer a non-stick surface so cleanup is usually a breeze. There are a few things that you will want to be careful about.
One thing to keep in mind is that some indoor grills may not handle the heat as well as an outdoor grill does. If you are attempting to cook a large steak, for instance, it would be best to cook it outdoors and then transfer it into the indoor grill for serving. Always use your indoor BBQ grill with care so that you do not ruin the non-stick surface or cause damage to the unit itself.
Are There Any Other Benefits to Using An Indoor Grill?
Grilling indoors during the summer is a great way to enjoy your BBQ without a lot of hassle. There are many other benefits to using an indoor grill.
Not only can you enjoy your food without the sun, but you can also avoid some of the bugs that come out at night. If you want to impress your guests with great grilled food, an indoor grille may be the perfect solution for you.
An indoor grill can also be healthier as many have features to drain and remove grease from the meat. This is a great feature for those who want to avoid consuming a lot of fats and oils. In addition, indoor grills do not generate a lot of smoke, so you will not have to worry about breathing in all that toxic smoke coming from an outdoor grill.
In conclusion, an indoor barbecue is a fantastic way to enjoy your summer. You get the great taste of barbecue without worrying about sunburn or sticking to your grill. It is also a great way to cook inside on those rainy or hot days that do not make grilling outside an option.
If you follow the tips in this article, and have all the right equipment, you will have a great time setting up your indoor grill and cooking some of your favorite meats at home.
Beginners Guide to Getting Started in Barbeque
Before you break out the grill and start cooking up some barbecue for tonight’s game, be sure to check out our Beginners Guide to Getting Started in Barbeque. Learn everything from the first step of what type of equipment is needed to tips on grilling anything off your grill. Give your family and friends a taste of some of the great barbecue from around the world today without breaking your wallet.
Below you can find our Beginners Guide to Getting Started in Barbeque.
What You’ll Need
Depending on your personal preferences, there are a wide variety of grill styles to choose from. No matter what grill you choose, you will need the following supplies:
You will need a grill to put the coals on, of course. The average price of a basic bbq grill is $100.00 and can go up to several thousand dollars for smokers that are used for competition purposes. There are a wide variety of grill styles to choose from. The most popular include:
- Charcoal Barbeque Grills
- Propane Gas Barbeque Grills
- Electric Barbeque Grills
No matter which style of grill you choose, make sure the grill you get is big enough for what you plan on cooking. This will vary between the different types of grills since some cooking method require more space than others do. You can learn more about grills on a variety of grilling and smoking specific sites like Pat’s Bar and Grill. The most common is the charcoal bbq grill which takes up about 180 square inches and the propane gas bbq grill which takes up about 250 square inches.
In addition to a grill you will need other supplies such as the following:
- Fuel (Propane Tank, Charcoal or Wood)
- BBQ Rubs & Marinades
- Starter (for Charcoal Grills)
- Grill brushes (for Charcoal Grills)
- Grill gloves
- Quality Cuts of Meat
To get start grilling, you will want to warm-up the grill to get it ready to use. Here’s how for a charcoal grill:
1. Fill all the burners with one-third of a tank of liquid charcoal (also referred to as briquettes) or wood chunks, whichever you prefer. This amount is enough for about four hours of cooking time on average, so start low if you don’t have a large grill. You may need more if your fire is smaller or spread across many coals.
2. Light the coals or wood chunks with a lighter, then cover the grill and let it sit for about 10 minutes.
3. Uncover the grill, adjust all the burners to medium heat and allow 30 minutes to an hour for the grill to heat up fully.
4. Half-fill a spray bottle with water and lightly mist your food (especially any of your spicier cooked items) as you place it on the grill to keep them moist while they cook and to help them brown better.
5. After about three-quarters of the cook time is over, spray your food again with water. This will help it stay moist while cooking and give it a nice glaze as it cooks.
6. If you need to add more coals or wood chunks, do so about halfway through your cook time. If you leave them on the grill for too long, they will burn, or smolder and smoke a lot rather than actually producing heat.
Tips and Tricks for Grilling
Below we have prepared some great BBQ tips and tricks to help get you started.
Prepare your grill the night before or first thing in the morning and let it sit for a few hours. This will allow the coals to get hot and the grill to heat up so you get a good cook. If you just light your bbq up an right before dinner, there’s a good chance you won’t have enough heat to really cook well.
Make sure you know how to choose a great cut of meat. This can make a big difference in the taste of your meal. For example, if you use a less flavorful cut or a poor quality, it will lack flavor. In addition, there are different cuts of meat that work better for smoking vs grilling.
Make sure to allow the entire amount of time you set aside for the bbq to cook. It might take longer if the weather isn’t right or if you cut up an already tough part of meat and haven’t allowed enough time for it to cook all the way through.
Foil will work well to keep your food moist while on the grill and avoid flare ups, but it doesn’t do a great job keeping things warm. Try not to take too much food out of the oven or you run into problems with the food drying out, getting cold and losing flavor in the process.
If you have a very high heat bbq grill, use reflective foil to keep the heat in. This will also help you avoid flare-ups and help you cook things quickly.
When grilling, use a thermometer to make sure your food cooks properly. For example, if you are cooking a burger medium rare, it should be cooked to about 140F.
Many people make the mistake of trying to grill sweet things like chicken at too high a heat. This can give them a burnt taste, or make them dry or tough if they are pre-cooked or thrown on at too high of a temperature.
You will want to watch your food closely while cooking it so you don’t overcook any of the pieces, especially vegetables. You don’t want them to overcook and become bland or burnt.
If you want to make great barbecue, you need a good supply of wood chunks. They add the smoke flavor and the heat so it will make a better tasting meat, or vegetables anyway. When making a batch of chicken, you will want to use about 2-3 pounds of wood per two pounds of chicken.
Now you’re ready to start grilling, just remember these basic steps and get your grill fired up. Practice is important when it comes to grilling, so experiment with different cuts of meat and styles of cooking. Try some new flavors while you are at it! It’s also a good idea to write down all your recipes in order for you to have them ready next time you fire up the grill.
Well, that’s about it on how to get ready to cook barbecue. We hope you have a great time grilling and cooking some delicious food!
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