• Pan Card Details

    17-04-26  1263
    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  1398
    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  1211
    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  1005
    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  1063
    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  930
    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  889
    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  872
    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  821
    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 ......

  • Chargeback Reason Codes Associated with Merchant Error

    17-02-13  825
    Payment related

    Most merchants assume they are innocent when it comes to chargebacks. In reality, a merchant’s faulty involvement in the transaction process can lead to a significant amount of chargebacks. In fact, there are more reason codes associated with merchant error than any other cause. ......

  • Chargeback Reason Codes Associated with Criminal Fraud

    17-02-13  729
    Payment related

    Determined fraudsters are everywhere. Because fraud can cause significant profit losses, it is important to recognize potential fraud and take the necessary steps to prevent it from happening. There are several reason codes that can result from fraudulent or unauthorized activity. ......

  • 10 BEST VIRTUAL CREDIT CARD ( VCC ) ...

    17-02-12  2401
    Payment related

    Are you looking for a list of Virtual Credit Card ( VCC ) Providers ? I’ve listed here 10 popular VCC providers that can help you to transact your money securely. You can find many VCC providers on the internet but all of those are not trusted, but these VCC providers are very popular and used by th ......

  • Why Are Chargebacks So Awful?

    17-01-25  750
    Payment related

    Chargebacks suck in more ways than one. If you choose to do nothing after a chargeback has been issued, the credit card provider will demand money to be paid back to the customers, and you’ll have to pay it—that’s a refund but worse because you’ll lose the product and have to pay the chargeback f ......

  • How to Use Refunds to Prevent Chargebacks

    17-01-25  882
    Payment related

    It’s wise to offer a refund instead of letting a situation escalate to a chargeback. Since chargebacks can take months to materialize, it’s best to have a system in place so it won’t sneak up on you. ......

  • What's the difference between an IBAN and a swift code?

    17-01-18  796
    Payment related

    The main difference between an International Bank Account Number (IBAN) and a Society for Worldwide Interbank Financial Telecommunication (SWIFT) code lies in what they identify. A SWIFT code is used to identify a specific bank during international transaction, whereas IBAN is used to identify an in ......