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The Credit Card Chargeback Process Explained: What Merchants Need to Know

Stax

These records can serve as valuable evidence in the event of a chargeback dispute, helping you present your case to the card networks or issuers. Chargeback Process When a cardholder disputes a credit card payment, the chargeback process is set in motion. Keep track of industry benchmarks and aim to stay within acceptable limits.

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EMVCo Releases EMV Secure Remote Commerce Specifications Draft

PYMNTS

To open its EMV® Secure Remote Commerce (SRC) specification for public comment for a 45-day period, secure payments enabler EMVCo has issued a draft version of the specification called version 0.9. The news comes a few months after EMVCo announced the launch of the full EMV 3-D Secure (EMV 3DS) test platform in August.

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Dubai First takes the lead as the first issuer in the region to leverage Mastercard Token Connect services

Fintech Finance

Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.

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The Straight Scoop On EMV: One Year Later

PYMNTS

EMV: The three little letters that represent the single most hotly debated and discussed topic in the U.S. payments and commerce ecosystem for nearly the entirety of the last two years. Not that EMV would have cured the reason for that breach, but let’s not get bogged down with details at the start of our story.

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. The chip does not affect the price of processing payments.

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Visa Announces Continued Support For EMV Secure Remote Commerce Specification

PYMNTS

Visa, the payments company, announced Tuesday (Oct. 23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. is expected to define interfaces for the secure exchange of payment data and accommodate the use of dynamic data, such as cryptograms. The finalized version 1.0

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Mastercard Will No Longer Require Signatures On Cards, Receipts

PYMNTS

Issuers, merchants and cardholders will benefit from this change as faster, safer options improve satisfaction and increase sales.”. Mastercard said cardholders will be able to check out faster, and consumers who use contactless payment methods won’t have to worry about providing a signature. We see this as a win for all.

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