What is Open Banking? Open Banking was born through a series of reforms called for by the competition watchdog in the UK, the Competition and Markets Authority (CMA). In
Think back to early 2022, to the time when there was quite a spat between two of the world’s largest corporate entities, and let’s recap on what led to
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
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
Card networks, like Visa, have established reason codes to standardize chargeback causes. Although seemingly straightforward, these codes can be misleading as the stated reason may not always reflect the
Regulators in the EU and UK have recently introduced substantial reforms to payment standards. Their aim was to establish a more harmonized, global banking standard, envisioning one universally accepted
ACH (Automated Clearing House) disputes are a part of the ACH network’s process to ensure accurate and fair transactions. A dispute is initiated when a customer or a bank
The Visa Fraud Monitoring Program (VFMP) serves as a merchant compliance platform that detects and monitors merchants with excessive “fraud”-related chargebacks. When enrolled in VFMP, Visa will monitor your
Visa Compelling Evidence 3.0 is a critical update that small business owners need to understand. It has a direct impact on the way disputes and chargebacks are handled, with
