VISA new chargeback/credit ratios

el pres · 07-03-2003

With the huge fines being levied for going over the CB/refund ratio,
what is the actual cost of a CB/refund?

How difficult would it be to set up within the US some sort of third party confirmation of name, address and phone number that agrees to the name of the card holder.

Maybe having an automated system where the subscriber has to dial a number to receive their password.

Before they are given the password they listen to a recorded message telling them their name and address has been entered into your system, and that any charge back relating to your services will be investigated,
and if found fraudulent will be prosecuted.

If one or two cases can be proven and documented will it make other people think about charge backs,
yep it's expensive to prosecute but so are the fines, if you can show it will happen, would it stop others from charging back so easily.

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07-03-2003	#1
el pres Members Join Date: Oct 2002 Location: Spain Posts: 425	With the huge fines being levied for going over the CB/refund ratio, what is the actual cost of a CB/refund? How difficult would it be to set up within the US some sort of third party confirmation of name, address and phone number that agrees to the name of the card holder. Maybe having an automated system where the subscriber has to dial a number to receive their password. Before they are given the password they listen to a recorded message telling them their name and address has been entered into your system, and that any charge back relating to your services will be investigated, and if found fraudulent will be prosecuted. If one or two cases can be proven and documented will it make other people think about charge backs, yep it's expensive to prosecute but so are the fines, if you can show it will happen, would it stop others from charging back so easily.