discussionIndustry Verticals · FinTech & BankingstructuralBillingB2CPayments

Late Fee Charged Despite On-Time Payment With Confirmation Number

Total Visa charged a late fee to a customer who paid before the due date and received a confirmation, suggesting a payment processing lag that creates false delinquency records. Consumers have no tool to dispute processing lag-based late fees using their confirmation records. The bank denied the payment was received despite the confirmation.

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