What open loop closed loop chargeback services are available?

What is the difference between an open loop and closed-loop solution chargeback service? A closed-loop solution stops the chargeback process (before it even begins) and gives merchants extra time to resolve the dispute directly with the consumer. This approach...

How do chargebacks affect merchant services?

Are chargeback effects severe for merchants? Yes. Chargebacks effects result in a great deal of lost revenue, lost product, fees and review time for merchants. Given issuing banks’ desire to please their customers and consumer protection laws, chargebacks often result...

How does TC40 data affect chargebacks?

Where does TC40 Data originate and how is TC40 Data distributed? TC40 data is a file of all compiled fraud cases where the cardholder claims a charge took place without his/her permission. These reports include raw data for each transaction identified as fraudulent:...