Fi911

MAY 22, 2024

Duplicate Charges : If a payer is charged more than once for the same transaction, the duplicates can be reversed. That said, there are some best practices that merchants can deploy to prevent many payment reversals. Require Card Verification Value (CVV) numbers for online purchases.

Payer 104

Payer Address Verification System (AVS) Disputes Payee 104

Clearly Payments

AUGUST 6, 2024

Chargeback Frequency American Express has a unique position in the market due to its dual role as a card issuer and network, which affects its chargeback dynamics. Processing Errors: Making up 15% of chargebacks, these involve errors such as incorrect amounts or duplicate charges.

Disputes 105

Disputes Visa Issuers Duplicate 105

Nanonets

MAY 7, 2024

Through this guide, we will define what expense reconciliation is, explore its significance to companies, the formal methods of going about it, as well as the challenges and best practices involved. This process ensures that all credit card transactions are accurately recorded and accounted for in the company's financial records.

Reconciliation 52

Reconciliation Best Practices Credit Cards Compliance 52

Segpay

APRIL 16, 2024

Billing Issues: Discrepancies in billing, such as duplicate charges or incorrect billing amounts, can lead to chargebacks. This may include providing access to chargeback management tools, offering dispute resolution best practices, and helping merchants prepare compelling evidence to support their cases.

Disputes 52

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

EBizCharge

DECEMBER 4, 2024

Discrepancies can arise for numerous reasons, such as duplicate entries, forgotten transactions, or incorrect amounts. With these challenges in mind, following best practices for reconciling credit cards is vital. Train accounting teams: Well-trained accounting teams are critical for efficient reconciliation.

Reconciliation 52

Reconciliation Credit Cards Best Practices Audit 52