|
You are refring to this:
If a cardholder does not participate in Verified by Visa or if a cardholder does not register
at the Visa web site, and a participating Verified by Visa merchant processes a transaction,
does the issuer have chargeback rights (to charge the item back to the merchant)? Does the
"0" liability rule still apply (where issuers cannot make cardholders liable for unauthorized
transactions)?
A. Until April 2003, the cardholder and issuer may charge this transaction back to the merchant.
However, beginning April 2003, since the merchant attempted to authenticate the cardholder, the
issuer has no chargeback rights, but the cardholder has $0 liability. This means that the issuer
needs to give credit to the cardholder for the unauthorized use of the card, but can't charge it back
to the merchant. The issuer is liable for the transaction amount.
?
Andre
__________________
Questions?
ICQ: 125184542
|