What is Strong Customer Authentication (SCA)?
The History of SCA Authentication of any ecommerce transaction using traditional methods has had its limitations in the past. The use of a password or other authentication methods such
Intelligence: The Key to Combatting Financial Crime
If the industry is to have any substantial impact in reducing the amount of financial crime across the globe, the real consensus is that intelligence must be shared. There
Apple Pay and Chargebacks
Apple Pay is coming up for its 10 year anniversary as it was introduced on the 20th of October 2014, in the US, followed by a gradual global roll
What is the Terminated Merchant File?
The terminated merchant file (TMF) serves as a blacklist in the realm of credit card processing. Businesses find their names here once their merchant accounts are closed or if
What is VBASS?
The Visa BIN Attribute Sharing Service (VBASS) is a specialized tool designed to enhance the payment ecosystem. The service provides pertinent information related to bank identification numbers (or “BINs”).
What is Chargeback Insurance?
Chargeback insurance is a policy that safeguards merchants from financial losses associated with fraudulent credit card transactions. It is meant to shield businesses against losses that could result from
What is a Merchant Identification Number?
Navigating the labyrinth of payment processing can often feel like decoding an intricate puzzle. Among the many elements that make up this puzzle, one term that frequently surfaces is
What is Account Takeover Fraud?
Account takeover fraud happens when a cybercriminal gets access to a cardholder’s online account. This could be anything from your bank account to an email or social media profiles.
What is Presentment?
In business and finance, there are a few essential terms and processes that every merchant should know. One of these concepts is known as presentment. Presentment is the official
What is Mastercard Reason Code 4853: Goods or Services Not Provided?
Mastercard’s chargeback reason code 4853, labeled ““Goods or Services Not Provided,” is used in customer disputes to indicate a discrepancy between what was promised and what was delivered. This