A Best Practice Guide for Underwriters 2017


Investigation Strategy

Fundamentals of Card-not-Present Merchant Acceptance – Edition 2017

Authors: Christian Chmiel, Markus Prause
Publishing House: Web Shield Services GmbH, 2016
Price: excl. VAT
Pages: 195



New Fraud Scenarios have emerged in the shadow of growing global e-Commerce. Credit Cards are
still the most popular CNP payment method worldwide and global card fraud is estimated to exceed
$35.54 billion by 2020. Regulators force Financial Institutions to adapt their Due Diligence procedures,
while cyber criminals change their “modus operandi” and increasingly abuse web shops to commit
malicious fraud attacks. Card fraud continues to threaten Merchant Acquirers and Payment service
providers (PSP) alike and has led to reputational damage, financial loss and substantial fines from the
card associations.
The Authors of this reference guide are industry Professionals, with extensive experience in the online
Payments business. Whereas the previous edition offered Underwriters and Risk Professionals a basic
Manual to identify, analyse and assess various Risk Indicators, this book zooms in on current Fraud
Scenarios. It provides the reader with a complete investigative methodology, including tools to detect,
analyse and prevent fraud, from pre-onboarding up to the final decision to decline or accept a
merchant. The reader is also provided with a detailed examination of Transaction Laundering and
malicious forms of Aggregation.
Underwriters are the first line of defence in the corporate security of CNP payments and Merchant
Acquiring. With this Book, the Authors hope to contribute to the protection of Financial Institutions,
Card Processors, Merchant Acquirers and Merchants against avoidable financial loss and reputational
damage. Even more experienced Risk professionals will find this book useful.

Additional information

Weight 0.390 kg
Dimensions 21 x 14.7 x 1.2 cm