Developing Artificial Intelligence to Terminate Fraud
AI may significantly reduce, if not completely terminate, credit card fraud, before it figures out how to enslave humanity.
AI may significantly reduce, if not completely terminate, credit card fraud, before it figures out how to enslave humanity.
Descriptors are the line items you see on your bank statement that describe each transaction. Merchants must deliver concise descriptors to customers.
The chargeback is a complex dispute process that is mostly hidden to the merchant. This process is in dire need of an update to improve communication.
If you're a cardholder researching how to do a chargeback, you've come to the right place! Follow our simple 3-step process to do a chargeback right.
There are two basic types of credit cards you'll be processing as merchants: secured and unsecured. It's important to know the distinctions between the two.
Transaction disputes tend to favor the cardholder over the merchant. Merchants only have two ways to defend against payment reversals.
Being a high-risk merchant can be a drag. The high-risk designation can seem like a fat target on your business’ back for superfluous account fees.
Ticketing vendors have fast become a primary target for criminal fraud and chargeback fraud. Yet the ticketing business is not considered high-risk.
Ever ask yourself "how did those credit card numbers get stolen?" You should, since this day and age we're all potential victims of credit card fraud.
Calculating your transaction fees can be a real pain in the cashflow. Card schemes like Visa and Mastercard have their own rate structures.
To improve how chargebacks are resolved, VISA has introduced the "Visa Claims Resolution Initiative," otherwise known by the cutting-edge acronym "VCR".
What if we told you there is a industry-wide panacea in the works to standardize processing and accommodate third-party payments anywhere.