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 the principal place of business of the merchant and any additional locations. The burden for ascertaining a merchant’s location in this case lies squarely on the shoulders of acquirers, with high fees put in place for any violations.
To help acquirers to make their portfolio compliant, Web Shield has just launched its eLoc Merchant Locator. The service uses open source information to ascertain the real merchant location – filtering out diversions like incorporation services, mail forwarding and virtual offices.
Compliance is hard, but with InvestiGate, it becomes easier than ever before. As an on-boarding hub that gathers all risk intelligence in one place, it helps you evaluate a merchant’s […]
Mastercard Clarifies their Rules: Member Areas Have to Be Screened Screening for website content that is forbidden per credit card association rules has always been the most basic building block […]