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#1815863 - 05/20/13 06:48 PM Reg e issue business account
komply Offline
Gold Star
Joined: Apr 2008
Posts: 475
NJ
Customer informs us on 5-17 that activity in the amount of $1881 on his debit card (visa)is unauthorized. This is a business account. What is the correct way of handling this dispute? Quite honestly haven't run into a business account before and Reg E is for consumer.

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eBanking / Technology
#1815898 - 05/20/13 07:26 PM Re: Reg e issue business account komply
BrianC Offline
Power Poster
BrianC
Joined: Nov 2004
Posts: 6,842
Illinois
Although Reg E does not cover the business, you are still bound by VISA rules which require provisional credit within 5 business days if the cardholder puts the claim in writing as well as VISA's Zero Liability if you determine that the claim is unauthorized.

VISA Small Business Zero Liability.
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#1815909 - 05/20/13 07:35 PM Re: Reg e issue business account komply
komply Offline
Gold Star
Joined: Apr 2008
Posts: 475
NJ
Thanks Brian, thats what I thought

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