In what situation would you refer to an Automated Notification of Change (COR)?

An Automated Notification of Change (COR) is specifically designed to communicate updates regarding changes to account information. This document is typically generated when there are modifications such as a change of address, a new account number, or other relevant details that affect account management in electronic transactions.

When an entity receives a COR, it serves as an official notice that needs to be acted upon to ensure that records are current and accurate. This is crucial for maintaining the integrity of transaction processing and ensuring that communications reach the right places. The COR addresses situations where account information needs to be updated to reflect the most recent and accurate data.

In contrast, verifying transaction receipts is more focused on confirming the details of individual transactions rather than account changes. Checking for card enhancements typically involves understanding additional features or benefits related to a card product, while disputing a wrong transaction is a process that deals with resolving errors in transaction processing rather than updating account information.