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A cardholder had recently made a purchase with the purchase card It was not an approved government purchase and the cardholder was not able to return the purchased item to the merchant for a refund o?
Wiki User
∙ 12y ago
The Government who then seeks repayment from the cardholder.
Wiki User
∙ 12y ago
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When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspended who should the cardholder contact to address this matter?
Contact your A/OPC immediately
Is it a law to require credit card refunds to be credit back to the card?
I do not know of any specific law stating this. However, I have seen it stated in most merchant agreements something to that effect. It's probably in the cardholder agreements as well. I think the main reason is to prevent the cardholder from circumventing doing a cash advance and avoiding the associated fees that the bank imposes on cash advances. In my experience, though. I have returned an item to a store, which I had lost the receipt, and they issued me a store 'gift card' for that value.
How do you verify a credit card?
To verify a credit card you can call the number on the back of the card and plug through the automated system if you are the cardholder. To verify a credit card if you are a merchant, you can use an online tool just to see if it is real. I put the tool in the related links below. Just type any card number and it will verify if the card is a real and possible card - but won't tell you if the card will be approved or declined. If you are a merchant, you can of course, run the card through your terminal as an authorization only, or call in a voice authroization. Another way to verify a card is to call the national assistance center phone number. For VISA, you can call 1-800-VISA-911 and go throught the merchant prompts. You can use their automated system to determine if the card is up and running. For MasterCard, you can call 1-800-MC-ASSIST. Both have an address verificaiton tester and card number validation prompt you can use to see if the card is active as well.
Who can apply for merchant credit cards?
To apply for a merchant credit card you must be a merchant. You can apply online as long as you comply with all the rules. Becoming a merchant enables you to process credit cards online with a merchant discount.
What is the objective of Merchant Banking?
objective of merchant banking
If items purchased with a GPC are found to be defective the cardholder must obtain replacement or correction of the items as soon as possible If the merchant refuses to replace or correct the defect?
Complete a U.S. Bank Cardholder Statement of Questioned Item Form or a Citibank Government Cardholder Dispute.
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspendedwho should the cardholder contact to address this matter?
The cardholder should contact the card company.
A cardholder obtains goods and services for personal use. The delivery address is the employee and home and a third party cannot confirm receipt of materials. The cardholder also advises merchant?
Cardholder fraud
A cardholder obtains goods and services for personal use The delivery address is the employees home and a third party cannot confirm receipt of materials The cardholder also advises merchant to split?
Cardholder fraud
A cardholder obtains goods and services for personal use. The delivery address is the employees home and a third party cannot confirm receipt of materials. The cardholder also advises merchant to sp?
A cardholder obtains goods and services for personal use. The delivery address is the employee's home, and a third party cannot confirm receipt of materials. The cardholder also advises merchant to split transactions to ensure they do not exceed the cardholder's single purchase limit.
When the merchant swipes your card on the card reader who validates the card?
The card info. usually goes to a payment gateway processor. The processor checks to see if the card is valid, if it is approved the funds for payment are held in the cardholder's account. At the end of the day (week) the merchant performs the transaction via the processor again, and the payment is transferred from the account holder to the merchant.
When making a purchase a cardholder was recently informed by the merchant that the purchase card account has been suspended who should the cardholder contact to address this matter?
Contact your A/OPC immediately
Why would your program use a diversion account?
To make sure that specified merchant transactions (e.g.,airlines) do not go to individual cardholder accounts
What is role of FAS subsystem of vision plus in a transaction?
The FAS is a online application designed to independently support the cardholder and merchant functions of authorization process
Where can one find a Visa Merchant account?
You contact a merchant company like Paypal or Merchant focus, and apply for your merchant account. Once approved you can start using it. There is more then the two companies mentioned above that provide merchant accounts.
How do credit card transactions actually process?
To process a credit card transaction the merchant sends the authorization request to First Data Merchant Services. FDMS then sends the card and purchaser information to the issuing bank, if everything checks out and the cardholder has the balance on the card then the approval is sent back to the merchant.
What is the time limit for processing a debit card charge?
A debit card charge must be posted no more than 30 days from the date of purchase. The merchant can still post a charge after the 30 days however they open themselves up to getting a chargeback from the cardholder/bank. A chargeback is a right that every cardholder/bank have. It is a way for the CH/Bank to get back their money when a merchant incorrectly processes a transaction.
