Visa and Reg E Error Resolution

With Brian Crow

Visa and Reg E Error Resolution

With Brian Crow
  • 1 Video
  • 3 PDFs
  • 2.0 hrs
Course description

ICB Credit: 2.5 CRCM

VISA chargeback procedures outline what is required of the card issuer, merchant, and cardholder should a dispute arise between a cardholder and a merchant, or if a card is used fraudulently. There can often be confusion about how the rules should be applied to a particular dispute. Reg E will also apply to many cardholders' disputes, and its provisions often differ from the VISA rules. That can leave us wondering how long we have to complete an investigation, when to provide provisional credit, and whether to ask a cardholder to contact the merchant before we accept the dispute.

In this fast-paced webinar we will compare and contrast VISA Operating Rules with Regulation E investigation and liability requirements. We will explore the chargeback codes that are available for the various scenarios that arise and discuss which claims are covered under Reg E and which are not. We will discuss the impact of "Chip Liability Shift" on the chargeback process. Several real-world examples will be included. These case studies will aid the listener in making critical decisions when applying VISA rules to assist customers and protect the issuer's bottom line.

In this two hour session, Brian will cover:

  • VISA chargeback codes
  • The effect of EMV chip cards on chargeback rights and liability
  • Zero Liability coverage vs Reg E liability schedule
  • Provisional credit requirements
  • Business debit cards and a comparison of coverage with personal cards
  • Proper handling of a chargeback when Regulation E also applies
  • Reg E investigation tips with and without written confirmation
  • Enforcement actions relating to Reg E investigation procedures
  • Dispute resolution procedures

Who Should Attend:

Front line staff tasked with accepting customer disputes, Chargeback processors, auditors, compliance officers

Course Curriculum

Video
120:43
VISA and Reg E Error Resolution
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Materials
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Instructor

Brian Crow
Brian Crow

Brian Crow is Executive Vice President at Thomas Compliance Associates, Inc. in Chicago, IL. Brian brings 20 years of prior banking experience to the consulting field. He was most recently Assistant Vice President and BSA Administrator for a suburban Chicago bank, where his responsibilities included preparing the bank's annual BSA risk assessment and audit documentation. Earlier as Operations Officer at the same bank, Brian monitored AML activity, aided in the implementation of the bank's AML software, and designed the bank's authentication blocking program that helped to reduce debit card fraud losses by 95 percent. Brian's responsibilities also included managing the bank's Regulation E claims, managing the bank's courtesy overdraft program, reviewing Reg CC hold notices for accuracy, and processing claims for fraudulent signatures and endorsements.

Mr. Crow has been, and continues to be, an education consultant for BOL Learning Connect, conducting webinars that have covered VISA/MasterCard chargebacks, debit card compliance and fraud prevention for hundreds of banks. It was in this role that Mr. Crow was recognized as a Bankers Online Guru in 2011.

Like many of us, Mr. Crow began his banking career as a teller, working his way up to head teller and then branch management responsibilities. He earned a B.A. degree in Theology from Concordia University, River Forest, Illinois. Because of his education background, Brian has been given the unofficial title of "Security Evangelist" as he strives to help financial institutions protect their bottom line from losses related to fraud. You can contract Brian at b_crow@tcaregs.com.