Representment definition

Representment means a Transaction to reverse a Chargeback by the re-execution of the original Transaction, where you have successfully challenged the Chargeback;
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Representment fee shall be charged in the event Credorax handles and disputes (including pre-arbitration) a Chargeback to the Card Scheme on behalf of Merchant. In the event that Merchant exceeds the thresholds (for MC >1.5% respectively for VISA >2%) for at least two (2) consecutive months, Credorax shall have the right to adjust the Chargeback fees. The percentages of the tiers refer to the “Chargebacks count/Transactions count” ratio in a calendar month. In the event that Merchant becomes a Chargeback-Monitored Merchant or an Excessive Chargeback Merchant (as defined under the Card Scheme Rules), additional Adjustments may be levied by the Card Schemes.
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Representment means the process that allows a Merchant to dispute a Chargeback by presenting evidence to the Card Issuer that a Chargeback is not warranted.
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Examples of Representment in a sentence

  • One of the following:• 2713 (Invalid Chargeback) for Dual Message System transactions• 13 (Representment) for Debit Mastercard transactions processed on the Single Message System Supporting Documents.

  • Representment or reversal is not a guarantee that the Chargeback has been resolved in your favor.For Visa Chargebacks: If we reverse the Chargeback and represent the transaction to the Card Issuer, the Card Issuer, at its sole discretion, may elect to submit the matter for arbitration before Visa.

  • CUSTOMER hereby appoints PROCESSOR as its exclusive Processor of Electronic Representment on Returned Checks (“RCK”) transactions.

  • One of the following:• 2008 (Issuer Authorized Transaction) for Dual Message System transactions• 13 (Representment) for Debit Mastercard transactions processed on the Single Message System Supporting Documents.

  • Bank is not obligated to make a Representment except to the extent allowed by the Operating Rules and Merchant's timely dispute of the Chargeback.

  • Representment or reversal is not a guarantee that the Chargeback has been resolved in your favor.For Visa Chargebacks: If we reverse the Chargeback and represent the transaction to the Issuer, the Issuer, at its sole discretion, may elect to submit the matter for arbitration before Visa.

  • Representment or reversal is not a guarantee that the Charge- back has been resolved in your favor.For Visa Chargebacks: If we reverse the Chargeback and represent the transaction to the Issuer, the Issuer, at its sole discretion, may elect to submit the matter for arbitration before Visa.

  • The injunctive relief is a significant benefit and will allow Navy Federal members and future members to better understand Representment NSF Fees.

  • Representment of Checks (RCK)The System and Components may consider the representment of checks through ACH if it would prove cost efficient and improve collection of NSF checks.

  • One of the following:• 2008 (Issuer Authorized Transaction) for Dual Message System transactions and China domestic transactions• 13 (Representment) for Debit Mastercard transactions processed on the Single Message System Supporting Documents.


More Definitions of Representment

Representment means a Returned Transaction that was due to insufficient or uncollected funds that has been represented to Citizen’s depository financial institution at the request of the Agency.
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Representment occurs when an Item that was returned unpaid is presented again by a merchant or other person for payment. The same Item may be presented for payment multiple times without prior notice to you. Each representment is considered a separate Item. “Business days” are Mondays through Fridays except Credit Union holidays. LGFCU posts its holiday schedule on the Holiday Closings page of its website (xxx.xxxxx.xxx). All references to time are in Eastern time unless otherwise noted.
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Representment means a representment as set forth in Schedule A, Section 3.3.
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Related to Representment

  • Protest means a written objection by an interested party to this solicitation or to a proposed or actual award of a contract pursuant to this solicitation.

  • Warrants means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.

  • Demand has the meaning set forth in Section 2.1(a).

  • Breach of Contract means the failure of a Party to perform any of its obligations in accordance with this Contract, in whole or in part or in a timely or satisfactory manner. The institution of proceedings under any bankruptcy, insolvency, reorganization or similar law, by or against Contractor, or the appointment of a receiver or similar officer for Contractor or any of its property, which is not vacated or fully stayed within 30 days after the institution of such proceeding, shall also constitute a breach. If Contractor is debarred or suspended under §24-109-105, C.R.S. at any time during the term of this Contract, then such debarment or suspension shall constitute a breach.

  • Notice of Issuance has the meaning specified in Section 2.03(a).

  • Express Waiver I desire to expressly waive any claim of confidentiality as to any and all information contained within our response to the competitive procurement process (e.g. RFP, CSP, Bid, RFQ, etc.) by completing the following and submitting this sheet with our response to Education Service Center Region 8 and TIPS. Signature Date

  • Tort means in breach of contract.