What Is Visa Merchant Purchase Inquiry (VMPI)?
VMPI is a part of the new VCR initiative, this new process aimed to reduce the disputes (chargebacks) by allowing the cardholder and the...
New Chargeback Reason Codes for Visa
The disputes (currently known as chargebacks) will be devided into four categories: Fraud, Authorisation, Consumer Disputes, and Processing
VISA Claim Resolution initiative: allocation and collaboration procedures
The current 22 reason codes were reviewed and re-arranged to fit into 4 groups: Fraud, Authorization, Processing Error, and Consumer Dispute
Wind of change in chargeback resolution process: Overview of the new Visa Claim Resolution initiativ
VCR initiative is meant to break the existing pattern of shifting the liability from card holders and issuers onto merchants, in this new sc