| Term | Definition |
|---|---|
| Visa Claims Resolution (VCR) |
Visa Claims Resolution (VCR) is an initiative rolled out by Visa in 2018 that made major changes to Visa's chargeback process, including automatically assigning liability for certain chargebacks, changing the system of chargeback reason codes, shortening the response deadlines for each stage of the chargeback process, and requiring merchants to acknowledge all disputes. Read more >>> |
