• Mastercard Chargeback Time Limit

    21-10-31  134
    Payment related

    Understanding the Dates & Deadlines Are you a merchant fighting an unfair chargeback claim? Or, are you a cardholder dealing with a case of criminal fraud? In either case, Mastercard chargebacks come with built-in time limits you need to know about. ......

  • Mastercard Advances B2B Payments with New Supply Cha...

    21-10-25  40
    Payment related

    * Mastercard Track™ Business Payment Service and new partnership with Demica enables easier access to flexible working capital for buyers and suppliers * New offering supports Mastercard’s expansion of its Track BPS network around the world with new partnerships solidified in North America, Middle  ......

  • New Data: Almost 25% of US Cross-Border Remittance S...

    21-09-26  99
    Payment related

    Cross-border remittances are a lifeline for many developing economies, but high fees and long processing times can make timely payments difficult for those who may be the least able to afford delays. Some consumers now are turning to cryptocurrencies as a payment option that allows them to send paym ......

  • Cash Back on Debit Card Transactions: What You Need ...

    21-09-23  137
    Payment related

    What Merchants Need to Know About Offering Cash Back on Debit Card Purchases? Providing cash back for debit card transactions is a popular customer service option for brick-and-mortar merchants. For those interested in offering this service, it’s important to understand the card networks’ regula ......

  • Chargebacks vs. Churn: How to Strike the Right Balance

    21-09-09  158
    Payment related

    A hallmark of the subscription economy is its promise of regular, recurring revenue. But what happens when billing…doesn’t recur?  ......

  • Double Refund Chargebacks

    21-09-06  175
    Payment related

    What Is a Double Refund? “A double refund chargeback occurs when a cardholder requests a refund for a transaction, then files a chargeback for the same purchase. The merchant dutifully refunds the charge, unaware that the cardholder plans to dispute the charge and get their money back twice.”  ......

  • Pan Card Details

    17-04-26  2414
    Payment related

    Pan Card stands for Permanent Account Number Card used in India. Pan Card is required for any kind of financial transaction in India. Pan Card includes Photo and 10 digit unique alphanumeric numbers for every individual. This Pan Card is issued by Govt. of India (through Tax Department or Ministry  ......

  • 9 things you need to know about prepaid cards

    17-04-22  2547
    Payment related

    Thinking about picking up a reloadable prepaid card? Join the club. In 2015, more than half of all Americans purchased a prepaid card for personal use, compared to 19 percent in 2008, according to Synergistics Research Corp., which studies the prepaid market. ......

  • AVS (Address Verification System) Results

    17-04-20  2306
    Payment related

    Address verification is performed by comparing portions of the billing address from the request message with address data on file at the issuing bank. Results are returned for the street address and for the postal code. ......

  • BIN

    17-04-08  1992
    Payment related

    BIN (bank identification number) is the first six numbers of a payment card. These standardized numbers provide useful information about the card that can help make your payments flow smarter. ......

  • What are some common causes of 'Do Not Honor' payment ga...

    17-04-04  2052
    Payment related

    What are some common causes of 'Do Not Honor' payment gateway response codes? ......

  • Visa Chargeback Reason Code 72: No Authorization

    17-03-02  1846
    Payment related

    Definition: The issuing bank received a transaction for which authorization was not obtained. The most common cause is not obtaining an authorization for a transaction or, for card present, obtaining it after the transaction date. For Automated Fuel Dispenser (AFD) transactions, the issuing bank  ......

  • Indian Financial System Code(IFSC CODE)

    17-03-02  1749
    Payment related

    The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the two main Payment and settlement systems in India: the Real Time Gross Settlement (RTGS) and the National E ......

  • A Detailed Description of MasterCard and Visa Chargeb...

    17-02-13  1804
    Payment related

    Each chargeback is accompanied by a reason code. These numeric codes differ by card network, but all theoretically serve the same purpose: to describe the motivation behind the transaction dispute. ......

  • Chargeback Reason Codes Associated with Friendly Fraud

    17-02-13  1590
    Payment related

    Chargeback fraud is commonly referred to as friendly fraud because the assault comes from a traditionally non-hostile enemy–the merchant’s own customers. A customer contacts the bank to inaccurately report a genuine charge as fraud. Most merchants view this as a form of shoplifting. While there a ......