Chargeback Liability Shift

Project: Social Media Curation & Maintenance

Company: HiTRUST

Role: Marketing & Communications Specialist

Medium: LinkedIn Page, Facebook Page

Type: Post

Audience: Merchants, Acquirers (Banks), people interested in payment security

Purpose:

- Define chargeback

- Explain chargeback liability shift

- Customer Education

Caption:

Chargeback was introduced as a way to compensate for purchases that do not live up to customer expectations.

💡 With fast-pace E-Commerce growth, chargebacks have been widely exploited by fraudsters as a way to gain from merchants using credit card information that was stolen.

💡 When enabling 3DS 2.0 and later, merchants will be able to shift the liability for chargeback away toward the issuers. What this means is that for most plans, online stores do not have to handle charge-back related works and can focus on selling with less concerns.

#HiTRUST #FraudPrevention #3DSecure #ECommerceFraud #Chargeback #LiabilityShift

Link to LinkedIn Post