Card-not-present merchants are battling increasingly frequent friendly fraud. That type of fraud the I don t recognize or I didn t do it dispute occurs when a cardholder makes a purchase, receives the ...

After the Oct. 1 EMV liability shift takes effect, the process of handling chargeback disputes could get messy for merchants unfamiliar with the new factors in play. Merchants will face more questions ...

Findustry AI, the AI platform for the payments industry, and Maverick Payments, a leading full-service payments provider enabling ISOs, ISVs, and financial institutions to monetize payments, announced ...

Chargebacks are a common issue, especially in the banking sector. It happens when any purchase or payment gets reversed, and the customers get their amount back because of the initiated dispute with ...

Banks use MCCs to assess transaction risk. Payment processors use MCCs to set processing fees. Visa & Mastercard track MCCs for chargeback monitoring & fraud prevention. Chargeback Risk: Some ...

Chargeflow, a startup using AI to fight chargeback fraud, today announced that it raised $11 million in a seed round led by the VC firm OpenView Venture Partners. The tranche builds on Chargeflow’s ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Investopedia / Julie Bang A chargeback is a reversal of a ...

Accertify Inc. this week announced a service aimed at automating most of the functions merchants must follow to contest a chargeback, regardless of the payment method used for the original transaction ...

When credit card and debit card holders identify fraud or abuse, they need some way to intervene and recover their funds. This form of payment reversal is what we ...

Card-not-present (CNP) merchants are a lot like tight-rope walkers. Between the influx of fraud (both counterfeit fraud and “friendly fraud” chargebacks), most merchants have a hard time finding a ...

AI Quick Read National Payment Corporation of India (NPCI) has announced a modification in UPI chargeback rules and procedures per a circular dated June 20. The latest announcement has simplified the ...