An "RFI bank" isn't a standard term in banking. The context likely refers to the bank's role in handling a Request For Information (RFI) related to disputed transactions.
In this scenario, the bank acts as an intermediary in the dispute process. Here’s a breakdown:
- Request for Information (RFI): According to the provided reference, an RFI is a critical part of a disputed transaction. It's your opportunity to explain your version of events to the bank or card issuer.
- Bank's Role: The bank, or card issuer, processes the RFI. This means they review the information you provide and use it to investigate the dispute. They act as a central point for gathering and assessing evidence.
Therefore, while there isn't a literal "RFI bank," the bank is the entity that handles RFIs related to disputed transactions. It is to whom you submit your RFI and who then reviews it. The bank plays a vital role in resolving payment disputes.
