New Mastercard Rules Effective October 15
From 15 October 2021, Mastercard requires acquirers to verify that their adult content merchants have effective controls in place to monitor, block and, where necessary, take down all illegal content. We have explained the changes in detail in this blog article.
The new rule poses some serious challenges to acquirers.
This is where the new High-Risk Verification for our InvestiGate underwriting hub comes in. This special version of our tried and tested Full Case Service allows acquiring banks and payment service providers to easily comply with Mastercard’s new rules and keep their adult content merchant portfolio save.
How High-Risk Verification Works
High-Risk Verification for Web Shield’s InvestiGate delivers a full compliance review of any adult content merchant, performed by our experienced underwriting staff in four steps:
- KYC and upload review: We verify the registration and content upload process for compliance e.g., by checking if written agreements and age verification are required
- Policy analysis: Our team reviews all available policies on the website to ensure there is moderation, monitoring and a content removal process.
- Content scan: Our tried-and-tested web crawler scans the website as well as any backlinks for known content violations according to card scheme rules
- Summary report: All findings are summarised in a PDF report, with clear indications for which areas are compliant - and which are not.
High-Risk Verification for on-boarding adult content merchants will ensure underwriters make on-boarding decisions with confidence in accordance with Mastercard requirements.