Chargeback

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Chargeback

A refund made by a credit card company to a credit card holder. Chargebacks occur when a card holder disputes an item on one's credit card statement, usually because he/she claims that he/she never authorized the charge. For example, if a person is a victim of identity theft because someone stole and used his/her credit card, that person may receive a chargeback on all unauthorized transactions. Other reasons for receiving a chargeback include receiving goods late or damaged, or not receiving them at all.
References in periodicals archive ?
For more information on Chargebacks911 and its chargeback management solutions, visit http://chargebacks911.
Chargebacks far outweigh the cost of a "compliance infraction.
A patent-pending service chargeback methodology for mapping GL line items to services;
Let's look at it this way: There are chargebacks and retailers vs.
Rebates, chargebacks, pricing, and compliance are critical factors that are key to our success, and we need to be certain that the solutions we rely on for all related processes and operations are highly functional, well supported, proven, reliable, and stable," said Sam Talarico, manager of contracts and government pricing at Talecris.
According to Verifi, chargebacks cost merchants as much as $40 billion per year.
It's time for a reality check: Chargebacks are not new.
Stride Rite will leverage SourceView to better manage chargebacks, track work in process and implement vendor scorecarding.
While Amazon Payments protects its merchant partners against chargebacks resulting from criminal fraud for transactions identified as "unauthorized payment," (2) merchants are held liable for all other chargeback reasons, including those commonly associated with friendly fraud.
Maybe it is time to protect the consumers from the higher costs to cover the chargebacks and let our senators and congressional representatives see what is going on in the retail climate.
I-many CARS provides core functionality common to all commercial contracting operations and can be extended to include processing capabilities for utilization rebates, purchase rebates, chargebacks, automated conditions, membership management and collaborative viewing.