CARD BRAND ENHANCEMENTS - Payment Processing News

CARD BRAND ENHANCEMENTS

CB

Visa

  • Visa is introducing updates to their dispute process.
  • Visa is introducing reduced timeframes for transaction processing and late presentment.
  • Visa is eliminating the “Call Auth” referral responses, replacing them with Approved or Declined responses.

MasterCard

  • MasterCard is adjusting some chargeback reason codes.
  • MasterCard is introducing new standards for processing authorizations and pre-authorizations.
  • MasterCard is introducing new auth reversal fees.

Discover

  • Discover is introducing ProtectBuy for e-commerce transactions.
  • Discover is modifying recurring payment interchange programs.

American Express

  • American Express is introducing new MCC codes.

 

April 4th, 2016 by