Daily Archives: Tuesday February 2nd, 2016


Avoid Late Batch Chargebacks

As of May 18, 2011, Visa amended Reason Code 74 “Late Presentment” to state “If transacrtions are not batched/settled within 10 days from the date of the transaction, Visa mandates that card-issuing banks use chargeback Code 74 for “Late Presentment” to issue a chargeback notice. Merchants will lose the transaction […]