High risk credit card processors, merchants and acquirers need to collaborate

High risk credit card processors, merchants and acquirers need to collaborate

We feel Visa’s new chargeback handling scheme is going to create a more interdependent relationship among high risk credit card processors, merchants and acquiring banks. With the way the Visa Claims Resolution is structured, which went live last week, the three entities are going to need to depend on one another to mitigate chargebacks and…