Tuesday, December 23, 2008
Merchant Chargeback Monitoring Program (MCMP)
Merchant Chargeback Monitoring Program (MCMP) is a Visa program that alerts merchant banks when one of their merchants has a chargeback-to-transaction rate of over one percent. Merchants then work with the bank to reduce their chargeback rates to acceptable levels. Failure to reduce chargebacks can result in fines for a merchant.
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