As if Joe the plumber and every other small business owner out there today isn’t struggling enough to comply with the massive number of rules, regulations, and requirements imposed on them by the bureaucrats in Washington, their plight now just got worse. Under the...
The following index explains the numerical code assigned to a particular chargeback transaction on a Mastercard account. Merchants can use these codes to determine the reason why a chargeback was issues, and prepare to defend the chargeback appropriately. 01 Requested transaction data not received...
Press Release CHARLOTTE, N.C., Nov. 24 /PRNewswire/ — Bank of America, the nation’s leading provider of online and mobile banking services, today announced the release of the SafePass® Card. The new wallet-sized card essentially builds on SafePass, a one-time-use, six-digit code sent as a...
H.R. 3402, commonly known as the ‘Calling Card Consumer Protection Act’ passed the House in October and is now slated for Senate consideration and possible action in 2009. As it stands now, the Calling Card Consumer Protection Act was approved in large part due...
With the economy in a slump, shoppers are turning to plastic to make purchases these days; however it is not the plastic seen in years gone by. According to the Nilson Report, debit card use is expected to climb 13%. The debit card is...
The following notes apply to merchants who accept Mastercard and VISA branded cards. As part of the merchant agreement, these clauses are designed to avoid punishing a card holder for using their card, or to avoid obeying terms designed to reduce card fraud. Minimums...
If a merchant is suspicious of a card or cardholder at any time during a transaction authorization process, they will need to make a Code 10 authorization request. The Code 10 authorization request alerts the card issuer to the suspicious activity—without alerting the customer....