Category: Credit Card Processing Blog

Reason Code 62 chargebacks are initiated when the cardholder claims to the issuer not to have authored or participated in the disputed transaction....

What Americans think they owe on credit cards is only half of the actual total. They agree with lenders on the totals in all other debt categories....

Sen. Durbin will not accept responsibility for the new debit card fees, but he should stop bullying businesses for acting in their best interests....

Reason Code 60 designates chargebacks resulting when the account number or amount on the sales receipt produced by the merchant is not legible....

Reason Code 53 chargebacks result when an issuer is notified by a cardholder that the merchandise that was received was not the same as described....