Payment Systems
What Are the Discover Chargeback Reason Codes?
Chargeback reason codes differ by card scheme. Here is the list of Discover chargeback reason codes and their descriptions, along with how merchants can use them.
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"recurring payments"
22 articles found
Credit Card
What is a Dynamic Card Security Code (CSC)?
It is a CVV2/CVC2 code that changes every few minutes instead of the static code printed on the back of a credit card, aimed at reducing fraud risk in CNP (Card Not Present) transactions.
ISO 8583
ISO 8583 Field Descriptions (F48)
DE 48 - ADDITIONAL DATA: these are additional data fields that can be used specifically for transactions. It is 255 characters long. Field F48 carries many pieces of information and is divided into PDS (Private Data Subelements).
Credit Card
What Is the Difference Between CVV and CVV2?
CVV (CVC) and CVV2 (CVC2) are two terms that cardholders often confuse. Both are used for verification in card transactions, but there are notable differences between them, such as where each is printed and which transactions use it.
Payment Systems
What Is TCR (Transaction Record Component)?
TCR stands for Transaction Record Component, the packets that carry transaction information in a clearing system. Transaction types in a clearing file are distinguished by transaction code and usage code values, and this data is sent inside TCR packets.
Closed-Loop Payments
Whose Ecosystem Does the Customer Stay In? | Closed-Loop Payments #7
In the final post of the closed-loop payments series, the common question behind cards, QR payments, and prepaid balances comes into focus: who manages the customer relationship, and whose ecosystem does the customer stay in?
Closed-Loop Payments
Why Do Closed-Loop Payment Systems Want to Grow? | Series #6
Why does a coffee chain build its own loyalty program, and why does a payment app keep adding services? This post looks at how loyalty, data, and new services drive the growth of closed-loop payment systems, and at the financial layers behind that growth.
Merchant & POS
Is an installment Mail Order transaction possible?
A reader asked whether installment mail order transactions are still possible, and whether a card limit equal only to the installment amount is enough. This article shares the answer.
Merchant & POS
What Is the Transaction Success Rate?
The Transaction Success Rate (TSR) is a key performance metric measuring the percentage of attempted payment transactions that complete successfully, and a critical indicator of overall payment health.
Chargeback
What Are the American Express Chargeback Reason Codes?
Chargeback reason codes vary by card scheme. The Amex chargeback reason codes and their descriptions are listed below: American Express Chargeback Reason Codes A01 The charge you submitted did not receive a valid authorization approval code for the amount...