Making It Work in the Credit and Loan Room

Merchant account chargebacks occur when a cardholder disputes a charge on a credit card. Chargebacks often take place due to fraudulent activity, such as a stolen credit card or error on the merchant's part. By understanding chargebacks and how to prevent them, you can save your business money and time.

Credit card merchant processing requires taking the appropriate security measures to ensure that customers as well as businesses remain safe from credit card fraud. This article provide an overview of security features that credit card merchants should put into place, including address verification systems, Card Verification Value requests and tokenization.