MasterCard Procedures for Card Recovery and Return
After recovering a MasterCard card, the merchant should notify its processor's authorization center and receive instructions for returning the card....
Tag: MasterCard
Rewards for Recovering Counterfeit MasterCard Cards at the Point of Sale
MasterCard's program for rewarding merchants for picking up invalid cards mandates that the person who captured the card should receive the reward....
MasterCard Rules for Merchant Chargeback Liability
The chargeback liability period is for a minimum of six months, however MasterCard can increase it to 12 months, under certain circumstances....
MasterCard’s Card Validation Code 2 – CVC 2
The CVC 2 is a 3-digit number, printed on the back of MasterCard cards. It is used in card-not-present transactions to ensure that the card is valid....
What Is an Independent Sales Organization (ISO)?
Independent Sales Organizations (ISOs) perform functions such as soliciting merchant accounts, selling POS terminals and providing customer service....