MasterCard Chargeback Reason Codes
Chargebacks are identified by a code specifying the reason a transaction is disputed; listed here are MasterCard's chargeback reason codes....
Author: UniBul
MasterCard Chargeback Stages
MasterCard's chargeback cycle includes: First Presentment, First Chargeback, Second Presentment, Arbitration Chargeback, and Arbitration Case Filing....
MasterCard’s Global Clearing Management System
MasterCard uses the Global Clearing Management System for transaction clearing - the process of exchanging information between issuers and processors....
How to Manage Chargebacks Resulting from Processing Transactions for which Authorization was Declined
Visa uses Reason Code 71 to designate chargebacks that result from processing credit card transactions for which authorization was declined....
Bank Responsibilities in the Clearing and Settling of Credit Card Transactions
Clearing and settlement of credit card transactions are the processes that facilitate the exchange of data and money between processors and issuers....