Mastercard Incorporated
SYSTEMS AND METHODS FOR AUTOMATICALLY INITIATING CHARGEBACK TRANSACTIONS FOR DUAL MESSAGE TRANSACTIONS

Abstract:

A computing system for automatically initiating a chargeback transaction from a plurality of processed transactions is provided. The computing system comprises a processor in communication with a memory, and the processor is programmed to: (i) receive transaction data associated with a plurality of processed transactions, the transaction data including a plurality of account identifiers, a plurality of authorization messages, and a plurality of clearing messages associated with the plurality of processed transactions, (ii) match the plurality of authorization messages with the respective plurality of clearing messages for each processed transaction of the plurality of processed transactions, (iii) identify automatic chargeback-eligible transactions from the plurality of processed transactions by parsing the transaction data and by the matching of the authorization messages with the clearing messages, (iv) store the identified automatic chargeback-eligible transactions, and (v) automatically initiate a chargeback transaction for each identified automatic chargeback-eligible transaction.