Has anyone else been stitched up by banks who don't bother to check AVS addresses supplied at the point of transactions? And then try to do chargebacks against you.
Or maybe like us you are rejecting transactions based on rules so your not a victim of this fraud.
Be great to hear from anyone else having the same issues. A lawsuit is on the table against the likes of Visa & Mastercard who are complicit by allowing certain banks to do business under their name, but we need more support to bring about a change in the banking industry, almost everyone agrees that change is needed but forcing banks to comply isn't easy. The amendment to visa rules and thus the change will benefit cardholders and merchants worldwide and of course, reduce fraud.
What is the amendment/change you may ask?
Put simply, Banks must verify a cardholder's address as entered and must be verified by all banks or they should be kicked off the Visa program. Not just those who choose to participate. basic common sense to most but not to banks and Visa.
Thanks from a fellow merchant.
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