Web Shield blog
News on regulation, fraud, and card scheme rules
We keep you updated on card scheme rules, fraud trends, underwriting best practices, and Web Shield products.
Underwriting trends
Merchant Monitoring Case Study: Why Underwriting Isn't Enough
Learn why merchant monitoring complements underwriting and is crucial to building a profitable and compliant client portfolio.
Regulation round-up
Risk culture 15 years on from the financial crisis
We take the temperature on organisational and risk culture and how it has evolved since the 2008 financial crisis.
Regulation round-up
Mastercard introduces new risk-based licence fee in Europe
Effective 2023, Mastercard changed its recurring franchise licence fee to a risk-based fee.
Regulation round-up
Visa to replace Global Brand Protection Program
Effective 1 May 2023, Visa will introduce the Visa Integrity Risk Program (VIRP) to replace the Global Brand Protection Program (GBPP). We examine the updated requirements for acquirers and their agents in respect of high-risk merchants.
Chargebacks
The new Mastercard collaboration process
We explain how allowing acquirers and merchants to respond to cardholders’ enquiries outside of chargeback cycles prevents potential disputes.
Fraud focus
Merchant threats and fraud trends 2022/23
The COVID-19 pandemic accelerated the shift to digital commerce and payment, but also the card-not-present and friendly fraud that comes with it.
Chargebacks
How to fight back against friendly fraud
Friendly fraud is when a cardholder disputes a legitimate purchase with their issuer to get free goods.
Chargebacks
How to take advantage of the changes to chargeback rules
Card schemes are getting tough on chargeback fraud. We look at how changes to dispute resolution rules reflect changes in trading patterns, payment trends and technology.
Underwriting trends
Cross-border CBD compliance in a broken regulatory landscape
Cannabidiol (or CBD for short) is an interesting case study for payment professionals.
Fraud focus
How to optimise your anti-money laundering approach
The conflict in the Ukraine has emphasised how financial institutions and gatekeepers can be used to launder dirty money. We look at how to devise a robust anti-money laundering approach in response.
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