Clearly Payments

NOVEMBER 18, 2024

Analyze the reason code provided by the card issuer to determine the cause of the chargeback. Fraud Prevention Tools : Use CVV verification , address verification systems (AVS), and machine learning algorithms. Assign each case a unique ID for tracking and resolution.

PCI DSS 59

PCI DSS Address Verification System (AVS) Disputes Card Network Rules 59

Fi911

MAY 22, 2024

Verify Customer Identity: Use Address Verification Systems (AVS) to match the billing address provided by the customer with the address registered with the credit card issuer. Require Card Verification Value (CVV) numbers for online purchases.

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

Stax

JANUARY 10, 2024

The exact rate can vary based on several factors, including the type of card used (debit or credit), the card brand (Visa, MasterCard, etc.), In addition to generating revenue for the card network, the purpose of credit card transaction fees is to cover operational costs and risk management.

Credit Cards 88

Credit Cards Processors Debit Card Processing Costs 88

Segpay

APRIL 16, 2024

Chargeback Scenarios Fraudulent Transactions: One of the most prevalent chargeback scenarios is fraudulent transactions, where stolen card information is used to make unauthorized purchases. Merchants should implement robust fraud detection tools, such as address verification systems (AVS) and card verification value (CVV) checks.

Disputes 52

Disputes Address Verification System (AVS) Fraud Prevention Fraud Detection 52

Clearly Payments

DECEMBER 3, 2024

Reason Estimated % of Declines Insufficient Funds/Over Limit 30-40% Incorrect Card Information 15-25% Expired Card 5-10% Fraud/Suspicious Activity 10-20% Technical Issues 5-10% Card Not Activated 2-5% Lost/Stolen Card 5-10% Merchant Restrictions 1-3% Insufficient Funds (30-40% of declines) This is the most common reason credit cards are declined.

Credit Cards 52

Credit Cards Address Verification System (AVS) Card Issuer Alternative Payment Methods 52