chargeback


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chargeback

(ˈtʃɑːdʒˌbæk)
n
(Banking & Finance) the return of funds by a seller to a buyer's debit or credit card account
References in periodicals archive ?
In the consumer realm, a chargeback is a transaction reversal meant to serve as a form of consumer protection from fraudulent activity committed by both merchants and individuals.
You can ask your card provider for a refund by making a Section 75 claim if it cost more than PS100, and via the Chargeback scheme if it was less than PS100.
Risk mitigation company Chargebacks911, known as The Chargeback company in Europe, has won the Customer Choice Award for Best Chargeback Management Solution at the 2017 CNP Awards, for the second consecutive year, the company said.
Paypal users are covered by its buyer protection scheme, debit card users can ask their bank to do a chargeback and credit card users can either do a chargeback or a Section 75 claim.
It gives merchants an early warning on confirmed fraud and customer dispute transactions, allowing them to resolve cardholder complaints before they reach the costly chargeback stage.
Mobius Payments has announced that they are now offering Mobius Chargeback Resolution Service; a managed chargeback prevention service that results in credit card issuers redirecting chargeback requests to a resolution network rather than proceeding with the processing of the chargeback.
Karnataka, June 29 -- Botmetric (TM), a comprehensive Amazon Web Services (AWS) cloud management platform, unveiled the much awaited internal chargeback invoicing feature of Botmetric at the AWS Summit in Mumbai, held on 28th June, 2016.
8 June 2016 - US-based chargeback mitigation technology developer Midigator LLC has acquired US-based chargeback prevention technology reseller B4 Enterprises Inc.
SAYS WE ASKED Barclays to see whether it could request a chargeback to get the money refunded.
Chargeback schemes may be helpful Whether it's concerns about faulty goods or a question about your pension, we are here to help.
TELECOMWORLDWIRE-September 14, 2015-Global Risk Technologies, Quatrro Processing partner on fraud, chargeback exposure
Eaton-Cardone said that in cases of friendly fraud, one chargeback is actually worth one and a half chargebacks, because 50% of members who don't get caught will do it again within 60 days.