Merchant Services

A CNP transaction as “a payment card transaction made where the cardholder does not or cannot physically present the card for a merchant’s visual examination at the time that an order is given and payment effected, such as for mail-order transactions by mail or fax, or over the telephone or Internet.” Friendly fraud “ocurs when a consumer makes an online shopping purchase with their own credit card payments , and then requests a chargeback from the issuing bank after receiving the purchased goods or services.“ The two categories of friendly fraud are intentional and unintentional: Intentional Friendly Fraud.The deliberates falsification of facts by a consumer which is intended to deceive a merchant. Reasons for intentional friendly fraud may have to do with buyer’s remorse. Perhaps the buyer made an impulse purchase for an amount that exceeds their comfort level or their financial circumstances suddenly changed and they wish they hadn’t spent the money or, maybe, ...

When you launch a system of recurring billing, you’ll quickly amass sensitive customer data you have to keep on file. All information on file should be securely stored and kept up to date. The Recurring Transactions window appears, displaying all transactions that are scheduled to be executed today. It also displays transactions that were scheduled for days in the past, but have not been executed so far. Don’t try to go cheap on this particular process. It’s vital to invest time, money, and effort to keep your payment system as secure as possible. In this guide, we outline the Operating Regulations as by Visa as well as other recommended best practices Transaction Processing Include a CVV value in the First Authorization of a New Recurring Transaction and where available check the customer’s billing address by including Address Verification Data (AVS). Recurring eCommerce Transactions are highly recommended that merchants utilize Verified by Visa for the initial ...