News on regulation, fraud, and card scheme rules

Merchant underwriting involves assessing and managing risks associated with merchants, using analytical skills and industry knowledge to uncover hidden threats.

Web crawling is an automated process for collecting website data to support KYB and compliance tasks, but it requires human expertise and continuous monitoring to interpret nuanced risks and ensure reliable, scalable results.

Continuous monitoring of website content is crucial for merchants to manage compliance risks and protect brand integrity, as updates can lead to unintended regulatory violations.

Transaction laundering in the future has the potential to disguise illegal transactions as legitimate by using fake businesses, synthetic identities, and advanced technology.

Merchant Category Codes (MCCs) are four-digit codes used to categorise businesses based on their services, crucial for transaction classification and risk management.

Visa’s updated monitoring framework enhances fraud, dispute, and risk management effectiveness.

Navigating crypto compliance is crucial for all businesses to avoid significant penalties and ensure regulatory adherence.

Acquiring banks face policy changes, including doubled registration fees and additional Visa fees, as part of Visa's compliance overhaul from April 1, 2024.

"Mission Compliance" is a guide for underwriters, providing insights and strategies on payment ecosystems and fraud prevention in merchant accounts.