Stunning statistic #TRANSACT16 by @ElecTranAssoc was EMV related Chargebacks increased a huge 30.9% in 2016. Not because of fraud, but rule.
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Replying to @BrianRoemmele
@BrianRoemmele@ElecTranAssoc what is the stat is for retailers like Walgreens or Whole Foods that have fully upgraded to EMV terminals?1 reply 0 retweets 1 like -
Replying to @dbkahn
@dbkahn@ElecTranAssoc Daniel, good questions. it's across the board. Even EMV merchants are being inundated w/ questionable EMV chargebacks1 reply 0 retweets 0 likes -
Replying to @BrianRoemmele
@BrianRoemmele@ElecTranAssoc ah, so this is just chip-related fraud, not all CP fraud. Good clarification...1 reply 0 retweets 1 like -
Replying to @dbkahn
@dbkahn@ElecTranAssoc Daniel, Indeed but also the story is that some issuers are just blanket issuing chargebacks because they can.1 reply 0 retweets 1 like -
Replying to @BrianRoemmele
@BrianRoemmele@dbkahn Issuers wouldn't abuse the chargeback process. Surely not.1 reply 0 retweets 2 likes
@__JasonMarshall @dbkahn Jason, Indeed. It was a fiery exchange by acquirers and ISOs with executives. Merchants are rebelling also.
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