A payment reversal initiated by a cardholder through their issuing bank, used to dispute unauthorized or fraudulent transactions. Excessive chargeback rates result in merchant penalties or processor termination.
Category: fraud prevention. Part of the Identity Technologist Glossary — 158+ practitioner-grade definitions covering identity verification, KYC/AML, biometrics, fraud prevention, and compliance. See all terms at https://identitytechnologist.com/glossary.