Category: Credit Card Processing Blog

Reason Code 73 designates chargebacks resulting when a merchant accepts an expired card and doesn't obtain an authorization approval from the issuer....

Americans kept making their credit card payments on time in September; the average charge-off rate fell by 0.75% and is 3.63% lower than a year ago....

Reason Code 72 chargebacks are initiated when authorization is not obtained or authorization is obtained using invalid or incorrect transaction data....

Reason Code 71 designates chargebacks resulting when the card issuer receives a transaction for which authorization has been declined....

Reason Code 57 designates chargebacks resulting when a cardholder acknowledges participation in one transaction at a merchant but disputes the others....