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.
Search
"declined transactions"
83 articles found
Chargeback
What Are the Chargeback Reason Codes Requiring a Draft Retrieval for MasterCard and Visa?
The MasterCard and Visa chargeback reason codes that always, sometimes or never require a draft retrieval before a chargeback, with their descriptions. Includes Visa codes such as 60, 75, 79 and 81 and MasterCard codes 4801 and 4802.
Payment Systems
What Are the Draft Retrieval Not Required Before Chargeback Codes?
The Draft Retrieval Not Required Before Chargeback codes defined for Visa and Mastercard are listed below, so you can see which disputes can go straight to chargeback.
Merchant & POS
What is Address Verification Service (AVS)?
Address Verification Service (AVS) is a fraud prevention system that helps limit fraud and chargebacks when used effectively. It verifies that the address a customer enters matches the cardholder's address on file with the issuer.
EMV
What are Card Scheme AID (Application Identifier) values?
AID tells the terminal which applications are present on a chip when a transaction is performed via POS/ATM. It is a 5-16 digit value in Tag 9F06, used to identify chip applications by card scheme.
Payment Systems
Why Am I Getting an Error When I Try to Pay with a TR QR Code?
In payment or cash withdrawal transactions, the TR QR Code is generated by the POS or ATM. The card issuing bank must build its systems to read and act on this code. Errors usually stem from mishandling the long and short QR code flows, which are explained here.
Credit Card
What Is the PIN Try Count?
The PIN Try Count is the maximum number of failed offline PIN verifications that can be made with the card. Banks usually keep both the consecutive wrong PIN count and the maximum wrong PIN count.
Merchant & POS
Offline PIN Counter = 0 Scenario: Who Is Liable for Transactions Approved Without a PIN?
In EMV-based debit card transactions, PIN verification is decisive for both security and liability. What happens when a card that only supports online PIN is sent to the issuer without a PIN, and the issuer approves it? Who owns the risk?
Chargeback
What is Arbitration?
Arbitration, by definition, is a dispute resolution method in which disputes are settled by arbitrators the parties choose themselves, rather than by official courts. In payment systems, it follows a chargeback when the issuer and acquirer cannot agree.
ISO 8583
ISO 8583 Field Descriptions (F35)
The card's Track 2 data is carried in this field. Track 2 data contains information such as the card number, expiry date and service code.
Chargeback
What Are the Chargeback Reason Codes by Payment Scheme?
A chargeback is the process of requesting that an amount paid by credit card be refunded, either because the goods or services paid for were not received, or because a transaction is identified as one the cardholder did not carry out.
ATM
The number of ATMs is declining worldwide
ATMs, which let us meet our cash needs, pay card debt, make transfers, and even withdraw or deposit cash via QR code without a card, have started losing popularity after all these years.