Remove Card Network Rules Remove Consumer Protection Remove Procedures
article thumbnail

The Best Way for a Business to Handle Chargeback Management

Clearly Payments

Chargebacks, while essential for consumer protection, can pose significant challenges to businesses. Skills Required: Attention to detail, familiarity with card network rules, and proficiency in analyzing transaction data. GDPR/CCPA : Protect customer data and comply with regional privacy laws.

article thumbnail

Understanding Payment Processing Compliance When Implementing Credit Card Surcharging

Stax

Follow these tips to stick to federal regulations: Refer to federal regulations when drafting internal policies and procedures. Keep accurate records of compliance procedures and transactions for each international market you operate in. Inform them about the surcharge policy, highlighting the consumer protection guidelines.

article thumbnail

An Overview of Payment Regulation In The USA

Clearly Payments

State Agencies: In addition to federal oversight, individual states have regulatory agencies responsible for overseeing financial institutions and consumer protection within their jurisdictions. It mandates disclosure of terms and conditions, error resolution procedures, and limits on consumer liability for unauthorized transactions.