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
Tokenized data is a technology that essentially helps to ensure sensitive information is protected from prying eyes. This tech includes a one-time-use token that is almost impossible for scammers
A declined transaction is rarely the herald of glad tidings for merchants. Whenever an issuing bank declines a debit or credit transaction, there’s usually a reason, and their outcomes
Is there a way to verify the cardholder’s information and alert the card network to possible fraud without offending a legitimate customer? Yes, as a matter of fact, there