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TL;DR Visa’s VisaNet Connect Acceptance Docs define credit card processing as a sequence of authorization, clearing, and settlement, establishing that an approved payment is a series of events rather than a single moment. Authorization...
TL;DR: 5 Things to Know About CNP Fraud Card-not-present fraud is the unauthorized use of payment credentials when the card is not physically presented. Visa’s Ecommerce Fraud Insights report states that most e-commerce fraud...
TL;DR A merchant cannot block a cardholder from filing a dispute, but Visa’s Merchants’ Dispute Management Guidelines require the merchant to accept or reject the dispute after the processor forwards it, with the response...
TL;DR: Key Takeaways on Credit Card Processing Authorization and settlement are separate services. Visa’s own acceptance documentation describes an authorization service and a distinct clearing-and-settlement service (Visa, 2018), which means an approved screen is...
TL;DR: Five Things Merchants Should Know About Payment Fraud One in five Canadian businesses reported experiencing payment fraud in the prior six months, and 15% lost money from it, according to Payments Canada research...
TL;DR: What Merchants Need to Know About Chargebacks If you are asking, “What is a chargeback?”, it is a formal payment dispute that reverses a transaction through the issuer and acquirer, not a customer-service...
Choosing merchant services should start with one plain question: who is actually accountable when something breaks? A merchant services provider is a company that helps your business accept card payments and moves money from...
