athomepana.blogg.se - Card recovery

The issuers bank identification number (BIN) embossed on the front of the card.

The following information identifies an issuer: Returning counterfeit cards.The processor or merchant is required to return counterfeit cards to the issuer by following the instructions provided by the authorization center. A recovered card needs to be returned to the security contact of the issuer. The additional copies are file copies for the processor’s records.

The processor should then forward the recovered card to the issuer within five calendar days of receiving the card along with the first copy (white) of the Interchange Card Recovery Form (ICA-6).

If the merchant has not already done so, the processor needs to cut the card in half vertically through the magnetic stripe.

The processor is required to follow these procedures when returning a recovered card to the issuer: If mailing the card, the merchant should first cut the card in half through the magnetic stripe.

The Electronic Warning Bulletin file or an effective regional Warning Notice lists the account number.Īfter recovering a card, the merchant should notify its processor’s authorization center and receive instructions for returning the card.

The card issuer advises the merchant to recover the card in response to an authorization request or a Code 10 call.

MasterCard requires that processing banks and their merchants recover a card, if possible by reasonable and peaceful means, when: This post will detail MasterCard’s procedures.Ĭard recovery at the point-of-sale (POS). Visa and MasterCard require both merchants and member banks to follow specific procedures for recovering and returning counterfeit cards or cards that are not used by the authorized cardholder.