Merchant & POS
What Is Recurring Billing?
Recurring billing is the automatic collection of payments at set intervals and amounts by storing the customer's card details on a secure, PCI DSS-certified infrastructure.
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"Recurring Billing"
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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...
E-commerce
What is Recurring Payment?
Transactions paid at regular intervals can be defined in the system so that only the installment amount blocks the credit card limit; these are called recurring transactions, used for subscriptions or automatic bill payments.
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.
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.