Quote:
Originally posted by netbilling
The banks see it as a big expense to re-issue cards everytime someone cries "FRAUD". They typically only do it at the consumer's request or if the card was stolen.
Mitch
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Right but if that card has "fraud" on it? then why are we held liable if they authorize it again?
The merchant is hit with the chargeback, but the bank is the one authorizing it, not the merchant.
If there is CNP or fraud chargeback, they need to cancel that card, otherwise the customer is making it all up.