Speedy Holdings Group announces the upcoming launch of Financial Protection Services, a platform that will mitigate the industry-wide problem of illegitimate chargebacks for credit card payments.
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The company's new fintech platform has the capacity to eliminate all losses processors incur in reference to chargebacks. Expected to launch by mid-2024, Financial Protection Services offers a safety net for small business owners should they face unforeseen transaction disputes or other financial liabilities related to accepting credit cards from customers.
For more details, please visit https://speedyhg.com
With the upcoming launch, Speedy Holdings Group seeks to tackle a huge problem in the multi-trillion-dollar electronic payments industry, protecting processors from losses relating to friendly fraud and unexpected chargebacks.
A 2023 Chargebacks911 report revealed that nearly three quarters of the 300 merchants surveyed saw a 19% average increase in illegitimate chargebacks compared to the same time period last year. With the rate of friendly fraud steadily increasing each year, Financial Protection Services will play an important role in quelling the ongoing problems that arise from chargeback abuse as well as the resulting revenue losses.
Financial Protection Services is a patented fintech platform that automatically covers chargebacks for merchants with a small loan, giving them time to investigate or challenge transaction disputes without suffering the liability.
The platform is the ideal tool for new merchants and small business owners, preventing holds or delays in their credit card transactions if their bank accounts cannot cover unexpected chargebacks.
In 1-2 years, the fintech platform will launch another revolutionary patent pending financial process beneficial to merchants, providing overdraft protection that automatically deposits funds into their business checking account when their balance runs low or goes into the negative by using their future credit card receivables as collateral.
About Speedy Holdings Group
The Speedy brand was created to give merchants access to cost-effective business financial services, offering products that are typically only available to retail giants. The company is currently in the process of raising capital and selling stock for Financial Protection Services which is expected to produce billions in annual revenue.
βAt Speedy we are committed to constantly launching new products and services, or improving upon existing ones that help business owners increase their revenue while lowering their liabilities at the same time,β says Scott Clymo, the Founder, Inventor and CEO of Speedy Holdings Group, Inc.
Interested parties can find more information at https://speedyhg.com
Contact Info:
Name: Scott Clymo
Email: Send Email
Organization: Financial Protection Services
Address: 65 E Nasa Blvd , Melbourne, FL 32901, United States
Website: https://speedyhg.com
Source: PressCable
Release ID: 89116570
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