There is a phrase that has special meaning in the world of financial transactions: force post transactions (sometimes also refer as force sale transactions). This article will explain Force Post, explain how it operates, the different types and how to recover from the issuer’s point of view. To make this complicated idea easier to understand, …
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The security of transactions where cards are not physically present is extremely important, in today’s world of online shopping. This is where 3DS 2.0 comes into play.. What is 3DS 2.0 and how does it enhance the security of online payments? Let’s simplify it. What’s 3DS 2.0 and why? 3DS 2.0 also known as “3 …
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The security of payment systems is crucial in a society where electronic transactions are the norm. Visa, one of the largest payment networks in the world, has put into place the VDMP (Visa Dispute Monitoring Program) and VFMP (Visa Fraud Monitoring Program), two fraud programs to regulate issuers, acquirers and merchants to control fraud. Let’s …
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Chargeback and refund are two words that are frequently used in the world of financial transactions. While they both involve giving money back to a client, their objectives and methods are different. Let’s dispel the mystery surrounding chargebacks and refunds and examine their main distinctions. Chargeback: The Protection Against Fraud. A chargeback is a transaction …
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