Key Features

The supporting documentation step includes flows for collecting documentation that is needed to support claim fulfillment.  The collection is broken down based on who provides the information. 

QFD supports the ability to include pending transactions in a claim.  When pending transactions are included in a claim, QFD will check for new postings every 6 hours.  When new postings are available, QFD will evaluate them and attempt to make an automatic match.

This is primarily utilized for calling association services to retrieve clearing and authorization details.  Local services are also supported. 

Initial Interaction Decision introduces automation during initial contact with the account holder, such as issuing temporary or permanent credit or escalating the case for special review. This decision point determines what automated actions are executed related to provisional credit and pay/deny decisions. 

Rule-based decision points at each step in the recovery process, as well as direct integration with Visa and Mastercard. 

QFD is pre-configured with Service Level Agreements (SLAs) to ensure that regulatory requirements are satisfied. When applicable, regulatory SLA milestones are visible in Claim Details. 

When an amount is placed in dispute status with the credit card processor, that amount is excluded from interest and minimum payment calculations until it is removed from dispute status.  This is typically used for non-fraud claims where a chargeback has not been filed and a provisional credit has not been issued.  

QFD performs general accounting operations required for claims processing. The system can be integrated with most real-time accounting service interfaces or support batch accounting file generation and delivery. When no services are available, these operations are performed by a user.  Specific accounting rules can be configured for each transaction type and adjustment type to ensure all accountholder and GL to GL accounting needs are supported.  Additionally, QFD performs account balancing to ensure that all require accounting is performed on-time.

When enabled, this optional flow will generate the assignments necessary to update consumer credit reporting status.  Unique parameters and/or instructions may be configured based on whether a case is created, accepted, or declined. 

For most card networks, fraud reporting must be completed before a fraud chargeback can be submitted.  The system facilitates automatic fraud reporting via direct integration with popular card networks.  This step is only applicable to credit and debit card claims.

The Stop Payment feature enables issuers to process stop payment requests for preauthorized electronic funds transfers, such as automatic bill payments and installment payments, preventing future, unauthorized charges. The type and availability of requests will depend on the multiple factors, such as the association or acquirer network.