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An Overview of Payment Regulation In The USA

Clearly Payments

Moreover, by establishing rules for payment networks and financial institutions, regulation mitigates systemic risks and fosters fair competition, thereby enhancing market efficiency. These rules cover various aspects such as interchange fees, transaction routing, card acceptance requirements, and data security standards.

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The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Reputation risk: Excessive chargebacks can damage your standing with card networks. Effective chargeback management mitigates these risks while protecting your bottom line and customer relationships. Skills Required: Attention to detail, familiarity with card network rules, and proficiency in analyzing transaction data.

PCI DSS 59