Civil charges are the result of a defendant causing harm or loss to an individual or group. An individual charged in court, whether under civil or criminal codes, is legally obligated to answer. In criminal law, answering charges involves entering a plea of guilty, not guilty, or similar ...
With common names like CVC, CID, and CVV, debit card security codes are unique to each card and generally algorithmically generated. But what are they, and why do they matter? What’s the purpose of the security code? Debit card security codes typically serve as an extra layer of protectio...
What are Chargeback Reason Codes? Chargeback reason codes tell merchants the reason the customer is disputing a charge, according to the information they provided to their bank. Each reason code has certain standards of proof and evidence associated with it that determine whether the chargeback is ...
•Are SWIFT/BIC codes the same thing? •What is an IBAN and how is it different from a SWIFT/BIC code? •How do SWIFT/BIC codes work? •When do you need a SWIFT/BIC code? •Do all banks have a SWIFT/BIC code for international transactions? •How do you find a SWIFT/BI...
Prepaid cards are great tools for retailers… but there are unique risks that merchants should be aware of. You need to know how prepaid card chargebacks work.
•Are SWIFT/BIC codes the same thing? •What is an IBAN and how is it different from a SWIFT/BIC code? •How do SWIFT/BIC codes work? •When do you need a SWIFT/BIC code? •Do all banks have a SWIFT/BIC code for international transactions? •How do you find a SWIFT/BI...
Motivations for phishing attacks differ, but mainly attackers are seeking valuable user data such as personally identifiable information (PII) or login credentials that can be used to commit fraud by accessing the victim's financial accounts. Once attackers have login information, personal data, access...
What are chargebacks? A chargeback is a reversal of funds following a debit or credit card purchase, which is prompted by the customer filing a dispute over the charge with their bank or credit card provider. Chargebacks are considered to be a scourge for consumer businesses across industries,...
The main charge codes are: OUR (sender pays all fees), BEN (recipient pays all fees), and SHA (fees are shared between sender and recipient). You may have the option to choose one of these codes when initiating the transfer with your bank, or you might need to contact your bank to ...
Vanity codes. Vanity codes are five or six digits, as well. They're more expensive to deploy than random codes because the registry charges premium fees to allow you to select a number of your choice and maintain it on your behalf. ...