At 13:54:00 on 26/07/2006, Alex delighted uk.finance by announcing:
It appears that Mastercard, at least, have now taken the first step towards this. It's still not a true CCA cancellation service in that it only blocks the transaction rather than explicitly cancel the CCA with the merchant.
And we are sooooo grateful that we should not quibble if the system also allows some merchants to steal our money while the card company says "Sorry, mate, we'll keep giving him your money until you get him to stop asking".
Please show me the cardholders who agreed to that deal.
If the benefit is little, then the card schemes should have no qualms about picking up the cost of the casualties.
Mistake there Fergus. It is the customer, not the bank, that allows the merchant to do it. If you give a tenner to a trader and the trader doesnt fulfil his consideration in the contract, would you expect the Guv of the BoE to accept your instruction to 'stop' the note?
Me, for one. But I, unlike you apparently, understand it.
What do you mean? That CCCos should just refuse any card debit merely because of a change of mind of the cardholder? If so, the whole concept of 'instant safe payment' of credit cards would be destroyed. As the old saying goes, 'bad money drives out good'.
Is a CCA transaction guaranteed to the merchant in the same way that a "customer IS present" one is, or is it not guaranteed like a "customer NOT present" transaction?
At 04:19:15 on 10/08/2006, Jonathan Bryce delighted uk.finance by announcing:
They print a name which is passed to them at settlement time. This name may not be unique around the world, and they do not have it when they are initially asked to authorise the transaction.
At 06:16:04 on 10/08/2006, BrianW delighted uk.finance by announcing:
They most certainly do not. This is a UK system with the numbers assigned by APACS, although some other countries also use it. It's nothing to do with VISA or Mastercard.
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