Recent Midigator News
LLR Partners Invests $30 Million in Midigator, the Leading Provider of Chargeback Management Solutions
LLR Partners today announced the closing of a $30 million minority growth equity investment in Midigator. Midigator provides an industry-leading, fully-automated software platform to prevent, analyze and manage payment card chargebacks, thereby increasing merchant revenue and lowering costs. Key features of the platform include automated chargeback prevention alerts, intelligent chargeback representments with industry leading win-rates and real-time data analytics and reporting.Read More
“Merchants, small and large, are struggling to keep pace with the rapid growth of fraud and payment card chargebacks. Midigator’s fully-automated software platform is uniquely positioned to help processors, acquiring banks, ISOs and merchants prevent and manage chargebacks,” said Corey Baggett, Founder & CEO of Midigator. “We are excited to welcome LLR as a strategic investor in our company – their deep payments experience and relationships across the financial services and technology ecosystems should help accelerate our next stage growth. This partnership is another step towards our goal of becoming the global standard for chargeback management and fraud mitigation."
LLR is partnering with the existing Midigator management team to help expand product capabilities, fuel sales growth and build upon Midigator’s market leadership position in the rapidly growing, $6 billion per year card-not-present fraud market. Midigator’s technology automates chargeback management and provides a more effective solution to combating fraud and chargebacks compared to other third-party, manually intensive service providers.
“Corey is a great example of a smart and highly capable entrepreneur that created a solution to solve a problem he was dealing with on a daily basis,” said Ryan Goldenberg, Vice President at LLR Partners. “Corey developed the core Midigator platform to help his prior eCommerce business handle its own chargebacks. The result was a customer-centric approach to product development underpinned by a fundamental understanding of customer and market needs.”
“We are excited to partner with Corey, Mark Standfield, President of Midigator, and the rest of the Midigator team as they build upon a one-of-a-kind platform that is applicable to all participants in the payments ecosystem,” added Mitchell Hollin, Partner at LLR Partners.
Atlas Technology Group served as the financial advisor to Midigator in the transaction.
About MidigatorMidigator is the leading chargeback and fraud technology platform used to mitigate risk and recover lost revenue. It provides real-time merchant account monitoring and automatically fights chargebacks (i.e., without human intervention) to win revenue back. Its analytics enable businesses to take preemptive action against chargebacks to keep their merchant accounts healthy and profitable. Midigator's unparalleled reporting and patented fraud management technology saves valuable time, allowing companies to focus on what's important: growing their business. To find out more about Midigator, call them toll-free at 1-800-960-2184 or visit them online at www.midigator.com.
About LLR PartnersLLR Partners is a lower middle market private equity firm committed to creating long-term value by growing our portfolio companies. We invest in a targeted set of industries, with a focus on technology and services businesses. Founded in 1999 and with more than $3 billion raised across five funds, LLR is a flexible provider of capital for growth, recapitalizations and buyouts. For more information about LLR and advice for scaling growth companies, visit our new website at www.llrpartners.com.
Midigator and Kount Partner to Expand Scope of Chargeback and Fraud Prevention for Merchants
Midigator LLC, a leading chargeback and fraud technology platform used to mitigate risk and recover lost revenue, and Kount, an industry leader of innovative solutions for fraud and risk prevention, today announced a partnership to expand chargeback and fraud management solutions for card-not-present (CNP) retailers. The partnership combines Midigator’s exclusive negative database of “friendly” fraudsters and patented technology with Kount’s award-winning, patented “decision engine” technologies for detecting “true fraud” to create a protective barrier around online merchants, preventing both sources of fraud.Read More
“This development is great news for eCommerce merchants as they now have a single solution for addressing both friendly fraud and true fraud,” said Mark Standfield, President of Midigator. “With friendly fraud responsible for up to 70 percent of all chargebacks filed, this combined effort confronts these issues head on, which will have a tremendous impact on businesses.”
The collaboration between Kount and Midigator is the next step in the evolution of a comprehensive chargeback and fraud technology solution that will further empower merchants and payment processors, allowing them to focus on what matters most: growing their business. This is done through scrubbing against Midigator’s highly relevant negative database while Kount analyzes hundreds of variables and activity across the globe in less than 300 milliseconds, enabling merchants to prevent fraud, reduce chargebacks and refunds, and increase sales volume.
“The partnership between Midigator and Kount demonstrates how fraud leaders can join forces to fight fraud and boost sales for eCommerce and mCommerce merchants,” said Brad Wiskirchen, CEO of Kount. “This type of collaboration provides merchants with the best opportunity to reduce cost and loss due to fraud, while increasing revenue across the board.”
Midigator’s and Kount’s powerful, patented technologies reduce risk while improving the order handling process by providing real-time reporting, analytics, and automation to merchants. With the ever-growing popularity of online and mobile shopping, CNP retailers are becoming top targets for fraudsters. Companies lose millions of dollars each year due to fraudulent transactions, which dramatically impacts earnings, as well as diverts employee resources to managing chargebacks. Pairing Midigator with Kount’s “decision engine” platform enables merchants to stop suspicious activity during the checkout process, which minimizes the potential of the primary sources of fraud during CNP transactions.
Midigator Announces Acquisition of B4 Enterprises, Becoming the Leading Provider of Chargeback Prevention Technology
Midigator LLC, the leading developer of chargeback and fraud mitigation technology for merchants and payment processors, has acquired B4 Enterprises Inc., one of the largest and most respected resellers of Ethoca Limited and Verifi, Inc’s chargeback prevention technologies. This important acquisition, combined with the 20+ years experience of B4's owners Ben Butcher and Bryan Baumgartner, puts Midigator at the forefront of the chargeback and risk management industry.Read More
“B4 is excited to join the Midigator team because our clients will have access to Midigator's innovative technology and services. With our experience and long-standing customer relationships, we look forward to taking risk prevention tools and services to unprecedented levels,” said Bryan, President and Co-founder of B4 Enterprises.
With Mr. Butcher and Mr. Baumgartner joining the company, along with Midigator’s patent-pending chargeback prevention technology, the Midigator team expects to take chargeback management to the next level. Midigator’s powerful platform already simplifies the chargeback handling process with real-time reporting, analytics and automation, allowing merchants and payment processors to focus on what’s important: growing their business.
The acquisition of B4 Enterprises offers Midigator access to more useful data that supplements its world-class prevention technology, with features such as interactive and real-time analytics. It also enables B4’s clients to utilize Midigator’s renowned chargeback representment technology, which has the industry leading success rate in recovering revenue.
With this dedication to creating innovative solutions for merchants and payment processors, Midigator is poised to be the leader in the chargeback industry.
“The acquisition is a strategic decision that not only makes Midigator the industry leader in chargeback prevention, but allows us access to a significant amount of chargeback and fraud related data. This is another step towards our goal of becoming the global standard for chargeback management and fraud mitigation,” says Corey Baggett, CEO of Midigator.
Every company, from small business to enterprise-level, is struggling to keep up with the rapid growth of “friendly” fraud, true fraud, and the backlash of chargebacks they create. Midigator solves the problem of having employees or outsourced companies scrambling to manually handle fraud and chargebacks.
Midigator is the first company to develop software that provides real-time merchant account monitoring and fights chargebacks to win revenue back for merchants. This has led to Midigator’s exponential growth in 2016 (already outpacing its record-setting year in 2015) and the company’s success is a reflection of the overwhelming demand for efficient chargeback technology in the marketplace.
Chargeback Industry Leader Midigator Appoints Mark Standfield As New President
Midigator, LLC, the leading real-time merchant account risk platform, is proud to announce a brand-new executive hire. Mark Standfield, former Director of Channel Services at Ethoca, has joined the Midigator team to serve as President. With over 20 years of consultative sales and management experience plus 12 years in the payments industry, Standfield brings unique insight to the chargeback solutions leadership team.Read More
“I’m so excited to be a part of such a dynamic and talented group. Midigator goes way beyond chargeback representment. In fact, I don’t believe the industry needs another representment company. What makes Midigator unique is that it provides data-driven decisioning, so merchants and ISOs can make informed decisions based on fact and not just hunches. It’s like having an experienced risk manager to help guide you step-by-step,” says Mark. As the first President of Midigator, Mark will help usher the dynamic team into a new quarter after one of Midigator’s strongest years yet.
“The decision to bring Mark on board was a strategic no-brainer. With his extensive background and unparalleled knowledge in the chargeback industry, along with his world-class reputation as an ethical and hardworking leader, it is obvious that Mark is the right guy to take us to the next level,” says Corey Baggett, CEO of Midigator.
2015 has been record-breaking for the Midigator team. With consistent revenue growth, team expansion and software development breakthroughs, Midigator is poised to continue its ascent with Standfield at the helm of this flourishing company.
Midigator was originally created by merchants for internal use, but once its potential for commercial applications was realized, its patent-pending technology was released as an automated alternative to expensive manual chargeback management. What makes Midigator incomparably valuable to merchants is Midigator’s ability to monitor accounts and provide easy-to-read dashboard analytics in real-time. This allows merchants to make proactive decisions to help prevent chargebacks and keep their business profitable. By reducing human error and operating costs through automation, Midigator is quickly becoming the industry standard in chargeback management and analytics.
Transparent Partners with Midigator to Bring State-of-Art Chargeback and Reporting System to Its Customers
Transparent Merchant Services, already delivers the most transparent merchant services for clients nationwide. Now the company has announced a partnership with Midigator to bring a chargeback detection, reporting and management system to their clients.Read More
The robust analytics in Midigator help vendors identify and take action against chargebacks via Midigator’s reporting and patented management technology.
Transparent Merchant Services www.trytransparent.com, already delivers the most transparent merchant services for clients nationwide. Now the company has announced a partnership with Midigator to bring a chargeback detection, reporting and management system to their clients.
Merchants can many times lose chargeback disputes in card-not-present transactions, which comprise a majority of online sales during the present day and age. Up until recently, chargebacks had to be manually identified and disputed. But thanks to the partnership between Midigator and Transparent, everything has changed. "Our partnership with Midigator is all about being on the cutting edge of customer service." said Dustin Sparman, founder of Transparent Merchant Services. "Real-time merchant account monitoring is a win-win for all parties."
Midigator is a chargeback reporting and management solution designed to keep businesses protected. It provides real-time merchant account monitoring and fights chargebacks to help merchants protect their bottom line. The robust analytics in Midigator help vendors identify and take action against chargebacks via Midigator's reporting and patented management technology.
"We are pleased to announce this partnership with Transparent," said Corey Baggett, CEO of Midigator. "Now clients of this service will be able to add a layer of protection to their bottom line with predictive chargeback management and resolution services that help reduce losses."
Midigator offers a number of benefits to its users, a few of which include:
- Real-time chargeback forecasting and analytics
- Automated and methodical fighting of chargebacks
- CRM and ISO integration options
- Customizable alert system
- Unlimited user accounts on a single platform
- Pricing powered by technology
Konnektive CRM and Lodestar Have Completed their Complete Integration to the Midigator Chargeback Management Platform
The coupling of the most powerful CRM technology, with the most advanced chargeback management system gives marketers an edge they have never had before. Konnektive CRM (Roswell, GA), and Lodestar have completed their complete integration to the Midigator Chargeback Management platform.Read More
Konnektive CRM (Roswell, GA), and Lodestar have completed their complete integration to the Midigator Chargeback Management platform.
Konnektive is a complete CRM/OMS (customer relationship management and order management system) platform that converges the best in technology and user interface for product and campaign management for trial/continuity, straight sale, and multi-pay; a landing page builder, a shopping cart technology, an online sales tracking system, a sales scripting and order entry software that can integrated to telephony platform's, an easy to use customer service interface, a billing system that completely integrates with any accounting system, and a complete fulfillment management system, all combined into one unique product that is completely web-accessible, and completely secure.
Midigator is a chargeback reporting and management solution designed to keep your business protected. Midigator provides real-time merchant account monitoring and fights chargebacks to win your revenue back. Its analytics enable you to take preemptive action against chargebacks to keep your MIDs alive and profitable. Midigator's unparalleled reporting and patented management technology saves valuable time allowing you to focus on what's important.
Midigator uses patented technology to display your chargeback counts and ratios in real-time. Advanced algorithms forecast your month-end results and let you trace problem customers back to a particular affiliate, traffic source, country, card type, reason code, BIN number or any other metric that is important to your business.
The integration between the most powerful CRM technology in the affiliate marketing industry through Konnektive and the most advanced chargeback management system in the industry through Midigator, gives every marketer a distinct advantage that cannot be found anywhere else.
Maintaining your merchant accounts should be your number one priority, because without them there's no revenue.
Midigator Handles Businesses' Chargebacks With Innovative Technology
Recently launched out of beta, Midigator is a chargeback reporting and management solution designed to keep businesses protected. Created by advertising and technology company Lodestar, LLC, Midigator is the first of several tools within Lodestar, a software suite for businesses to improve efficiency and profitability.Read More
Midigator provides real-time merchant account monitoring and fights chargebacks to win a business’ revenue back. Its in depth analytics enable a business to take preemptive action against chargebacks, keeping their merchant accounts profitable and alive.
Midigator is the only fully-automated reporting tool in the market that downloads chargeback data in real-time, allowing merchants to monitor all of their accounts’ activity. Its patent-pending management technology saves valuable time, helping businesses to focus on what’s important.
“The software was originally created by merchants to use for themselves before it became a commercial tool, making it extremely reliable and relevant. Midigator is automated so there is no room for human error and the data is collected instantaneously without human delay,” says Corey Baggett, CEO of Lodestar, LLC. “Additionally, our pricing is so low compared to handling chargebacks in-house or other chargeback companies out there. We’re able to give a great price because our technology does most of the work.”
Midigator creates a robust and optimized package for every chargeback received, containing all of the supporting evidence to dispute the chargeback on behalf of the merchant. Therefore, merchants’ chargebacks are rebutted instantaneously with accuracy, while a dedicated in-house team provides constant quality assurance to achieve the highest win rates possible.
Midigator is the most sophisticated chargeback reporting and management platform in the industry. Additionally, Midigator’s use of technology is transforming the chargeback industry and helping businesses operate more efficiently and achieve a higher level of profitability.