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Wednesday, March 13, 2019

Debit Card Chargebacks: Understanding Mastercard Dispute Resolution

Start Date: 3/13/2019 1:00 PM MDT
End Date: 9/13/2019 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

Debit Card Chargebacks Part 2: Understanding Mastercard Dispute Resolution
1:00 pm – 2:30 pm MT

More changes to chargeback procedures are coming in April 2019 with Mastercard’s dispute resolution initiative. While the details are still forthcoming, Mastercard hopes the changes will prevent invalid disputes and streamline the process from end-to-end.  The first phase, already effective in October, made minor edits to reason codes and cardholder documentation.  Phase two comes this spring and eliminates a few reason codes and adjusts some timeframes.  Compliance is crucial because failure to adhere to Mastercard dispute rules can result in loss of chargeback rights for your institution.
 
Fraud and authorization-related claims consistently contribute at least 80% of the disputes reported by cardholders.  This webinar will focus primarily on the claim reason codes related to fraud disputes and explain the specifics of an issuer’s ability to submit a payment recovery claim. 

HIGHLIGHTS

  • What information is needed from the cardholder?
  • How is authorization data used to determine when chargeback rights are available?
  • What happens when funds cannot be recovered from the merchant through a chargeback?
  • How the Mastercard zero liability rule factors into compliance obligations
  • Overview of the merchant authorization process
  • A simple way to differentiate fraud chargeback claims from non-fraud claims
  • Requirements for an EMV liability shift claim
  • Maximum timeframes for submitting claims requests
  • Complete Mastercard dispute resolution cycle
  • TAKE-AWAY TOOLKIT
    • Sample cardholder dispute form
    • Quick-reference comparison of Regulation E and Mastercard rules
    • Link to publicly available Mastercard rules
    • Reference websites
    • Employee training log
    • Quiz to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for the frontline, EFT operations staff, and their managers at financial institutions that issue Mastercard debit cards.

Continuing Education: Attendance verification for CE credits upon request.

DON'T MISS PART ONE!

This program is the second of two in a series
Debit Card Chargebacks: Understanding Visa Claims Resolution
Thursday, February 28, 2019
 

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

 

  MEET THE PRESENTER
Diana Kern
SHAZAM, Inc.
Diana Kern joined SHAZAM in 1995, bringing with her five years of retail banking experience. She trains new and existing SHAZAM participants on products that include ATMs, ATM cards, MasterCard and Visa debit cards, and merchant services. Diana also acts as an ACH expert for SHAZAM, and in 1998 earned the Accredited ACH Professional (AAP) certification. Additionally, she is a member of the Iowa chapter of the American Society for Training & Development (ASTD). Her detail-oriented focus helps explain concepts and specifics and her experience allows her to relate to and understand financial institutions’ inner workings. She leads more than 100 training sessions throughout the year.