The second edition of Web Shield’s “Fundamentals of Card-not-present Merchant Acceptance” has been released today. Aimed at merchant underwriters working for acquiring banks and payment service providers, it serves as a reference guide for online due diligence investigations. The core of the book is a holistic Investigation Strategy, which encompasses a comprehensive risk taxonomy and a variety of different risk indicators. Readers are also treated to an arsenal of online investigation tools, while the last chapter goes into depth concerning the hot topics of aggregation and transaction laundering, encompassing some very complex and difficult to detect fraud scenarios.
As Underwriters, we cannot idly sit by. Fraudsters are constantly moving, inventing new ways to circumvent security measures, hatching new fraud schemes, and improving their means of deception. Education and […]
In August, VISA announced they would require acquirers to comply to significantly more stringent concerning merchant locations starting October 15. Acquirers will have to make sure they are licensed for […]