Clearly Payments

JANUARY 8, 2024

Chargeback Risk: Chargebacks occur when customers dispute a transaction and request a refund directly from their bank. Implementing effective chargeback management practices is essential to minimize their occurrence and address disputes promptly. Chargebacks are generally the biggest concern that most merchants have.

Risk Management 68

Risk Management Risk PCI DSS Process 68

Payment Savvy

MAY 11, 2023

Chargebacks: Chargebacks can occur when a cardholder disputes a transaction, and the funds are returned to the cardholder. As a merchant, you will need to comply with the Payment Card Industry Data Security Standard (PCI DSS) and other security regulations to ensure the safety and security of Visa transactions.

Rules 52

Rules PCI DSS Disputes Payment Networks 52

Stax

NOVEMBER 21, 2024

It also ensures that data security best practices, particularly PCI DSS (Payment Card Industry Data Security Standards) requirements , are followed to the letter to prevent any breach or loss of sensitive customer data. The company facilitates the transfer of information and funds between the customer’s bank and your business’ bank.

Credit Cards 88

Credit Cards Small Business Process Credit Card Payment Processing 88

BNG Payments

JANUARY 7, 2022

Ensure Your Business is PCI Compliant You've probably already heard a lot about the Payment Card Industry Data Security Standard (PCI DSS), commonly known as PCI. In short, all companies that process, store or transmit credit card information must comply with the PCI DSS. Still, issues happen.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

Segpay

FEBRUARY 28, 2024

Chargeback Fees Disputed charges initiate time-consuming arbitration processes with administrative fees imposed on merchants. Too many disputes also risk account reviews or terminations. Simple month-to-month agreements and dedicated analysts make optimization easy. However, smaller banks and credit cards avoid coverage.

Processors 52

Processors IRS Push-to-Card Non-Bank 52

Stax

MAY 7, 2024

Processing fees vary depending on the service provider, the agreement between the merchant and the processor, the type of credit card used (debit, credit, corporate, rewards, etc), and the type of transaction (online, dipped, swiped, or keyed in). How do chargebacks affect processing fees?

Credit Cards 88

Credit Cards Process Processors Online and Mobile Banking 88

Stax

JANUARY 8, 2024

They can only be drawn upon under applicable clauses in your payment services agreement. Having chargeback mitigation strategies in place can help you reduce the losses from chargebacks and illegitimate disputes. However, you must ensure that all systems comply with security standards such as PCI DSS.

Risk Management 88

Risk Management Risk Money Laundering Mitigation 88