Merchant acceptance and underwriting
This course is a practical introduction to assessing potential eCommerce merchants as part of the underwriting process.
This course is a practical introduction to assessing potential eCommerce merchants as part of the underwriting process. Learners will study how to verify the identity of business principals and unravel corporate structures as part of anti-money laundering checks. They will learn how to conduct forensic reviews of merchant websites. And benefit from real-life case studies, tips and tools to help them with investigations.
‘Introduction to merchant acceptance and underwriting’ is designed for risk management and compliance staff responsible for making go/no-go decisions about whether to on-board merchants. It is suitable for those who are new to an acquirer risk management department, new to your business, or new to signing eCommerce merchants.
Learning objectives
- Understand how to investigate and evaluate potential e-commerce merchants as part of the underwriting process
- Be able to calculate financial exposure with a view to making go/no-go signing decisions and creating a balanced portfolio
- Understand how to acquire high-risk merchants profitably
- Be able to devise policies and procedures to manage risk exposure
Chapters
How to verify the identity of merchant principals and unravel corporate structures as part of anti-money laundering checks. This involves getting to grips with customer due diligence, shell companies, nominee directors, politically exposed persons among other considerations. This chapter also includes sections on how to define risk strategy, controls and policies, and managing credit risk exposure.
All about forensic reviews of merchant websites, including sections on how to identify transaction laundering and how to understand and manage the risks that high-risk merchants bring.
On-demand training for the whole team
Set an underwriting training program for your team, see their progress, and manage their course load.