Dynamic Transaction Reference is a valuable addition to Card Acceptance (CNP) in long distance selling.
Dynamic Transaction References on the customer's card account can help to improve the recognition and thereby reduce the number of rejected card transactions.
Who needs Dynamic Transaction Reference?
Dynamic Transaction Reference is interesting for all long distance merchants, especially for those who
- count on customer relationship management.
- want to avoid unnecessary customer inquiries in the payment settlement process.
- want to avoid unnecessary chargebacks due to unclear transactions.