• 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. ......

  • Terminated Merchant File (TMF) Definition

    17-01-23  726
    Glossary

    What is the Terminated Merchant File? The Terminated Merchant File (TMF), also known as the MATCH list, is a database that contains information about businesses that have had their credit card processing services terminated by a provider. Acquiring Banks consult this list when determining whether ......

  • International Bank Account Number(IBAN)

    17-01-18  1815
    Glossary

    The International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across national borders to facilitate the communication and processing of cross border transactions with a reduced risk of transcription errors. It was originally adopted by the European Com ......

  • ABA routing transit number(ABA RTN)

    17-01-18  911
    Glossary

    An ABA routing transit number (ABA RTN) is a nine digit code, used in the United States, which appears on the bottom of negotiable instruments such as checks to identify the financial institution on which it was drawn. The ABA RTN was originally designed to facilitate the sorting, bundling, and ship ......

  • 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 ......

  • Currency Codes

    17-01-15  854
    Glossary

    The International Organization for Standardization publishes a list of standard currency codes referred to as the ISO 4217 code list. Currency codes are composed of a country's two-character Internet country code plus a third character denoting the currency unit. For example, the Canadian Dolla ......

  • Express support

    17-01-15  952
    Payment related

    For those tangible products sellers,we request them to upload tracking information after goods delivery.To use the "Tracking upload endpoint" correctly,we provide a list of the express companys so they can code it in API. ......

  • Issuing Bank

    17-01-12  819
    Glossary

    Any bank or financial institution that grants Credit Cards and/or lines of credit through card associations. ......

  • Acquiring Bank

    17-01-12  785
    Glossary

    A bank or financial institution that accepts debit or credit card Transactions for a cardholder. ......

  • HTTPS

    17-01-12  768
    Glossary

    A communications protocol for secure communications over a computer network. ......