CHARGEBACK INSURANCE
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United States of America Patent
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-
N/A
Issued Date -
Sep 26, 2013
app pub date -
Sep 20, 2012
filing date -
Sep 22, 2011
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Embodiments of the invention are directed to a chargeback insurance program offered through a payment processing network. The payment processing network is capable of processing chargeback requests on behalf of an enrolled merchant or enrolled issuer without requiring additional chargeback-related processes to be conducted by the merchant or issue. Chargebacks are processed by the payment processing network based on enrollment settings in the chargeback insurance program.
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