RDR Definition.
Rapid Dispute Resolution: a Verifi (Visa) service that resolves disputes automatically before they become chargebacks. The merchant sets rules (amount, reason, MCC) under which it refunds automatically, which stops the formal chargeback before it is created. It saves case fees and representment work. Non-fraud disputes resolved this way drop out of the VAMP dispute count, but fraud reports on those transactions still count toward the VAMP ratio. The Mastercard equivalent is Ethoca Alerts.
See also
Where this term appears
GuideThe four-party modelGuideThe role of banksGuideMerchant, acquirer, PSPGuidePayment schemesGuidePayment regulationGuideCentral banks and payment infrastructuresGuideFrench fintech: an overviewGuideAgents, distributors, and banking-as-a-service: who is liable for whatGuidePayments in GermanyGuidePayments in AustriaGuidePayments in the BalkansGuidePayments in the Baltics and Finland