What is the primary purpose of an Exception Report?

An Exception Report serves a crucial function in the financial and payment processing sectors by summarizing questionable charges and chargebacks. This type of report is designed to identify and address deviations from the norm, such as transactions that may not align with typical patterns or expectations. By focusing on these anomalies, the report enables stakeholders to investigate potential fraud, process disputes, or resolve any inaccuracies in transaction records.

The emphasis on highlighting questionable charges is important for risk management and operational integrity. It ensures that companies can promptly respond to potential issues before they escalate, maintaining trust and compliance in financial operations. A well-structured Exception Report becomes an essential tool for monitoring and improving transaction processes, enhancing the overall effectiveness of transaction oversight.