Local laws should be the basis for any monitoring regime. The products/services a merchant offers have to be legal in every jurisdiction they are offered in.
Visa's Global Brand Protection Program mandates a legality check for products and services as well as an eCommerce website review.
Mastercard's Business Risk Assessment and Mitigation program gives acquirers more autonomy, but also defines high-risk businesses that require enhanced due diligence.
To safeguard the integrity of the payment system, the major credit card associations maintain a constantly updated set of rules with which their members have to comply, or incur severe penalties.
Knowing these regulations and organising your on-boarding, underwriting and monitoring processes accordingly is essential if you want to maintain the integrity of your merchant portfolio.
Web Shield is a member of Mastercard's MMSP program. This means as a principal member you benefit from BRAM and Transaction Laundering Safe Harbor.
Especially online, critical changes happen fast: Product portfolios are replaced at a moment's notice, user-generated content changes in unexpected ways and seemingly legitimate merchants alter their business model to include deceptive claims.
To help you tackle these challenges, we developed Monitor.
Monitor is built on years of experience with merchant monitoring and optimised for adaptable and risk-conscious ongoing merchant reviews.
Monitor takes 27 different risk indicators in the four areas of Reputation, Content, Transaction Laundering and Money Laundering risk into account.
Customise your reporting to have all the information at hand when you need it.
Manage every alert of every merchant and website in one place.
Do you already have a team of experienced underwriters or are you new to the business and need some pointers in the right direction? Do you need to micromanage every last monitoring parameter or just want to sit back and rely on templates crafted by experts?
Monitor gives both veterans and newcomers a powerful tool to identify the vulnerabilities in their merchant portfolio.
Monitor can be supercharged with additional investigative modules.
You can set alert thresholds for risk indicators or use presets prepared by experienced underwriters.
Together with our InvestiGate On-Boarding solution, Monitor lets you manage every step of the merchant acquiring life cycle. Activate powerful new monitoring modules and use freely editable risk templates with InvestiGate Monitoring.
Alternatively, if you already have your own robust on-boarding solution implemented, Standalone Monitoring lets you easily integrate your merchant portfolio through bulk upload or our API.
Both Monitor variants are effective tools in managing your portfolio risk and staying compliant.
Monitor is built to synergise with InvestiGate. If you use both together, you get more options and convenient risk templates.
You have your own on-boarding process? No problem. Standalone Monitoring is designed for compatibility.
In a globalised world, it has become even more crucial to know your customer. Willful ignorance is not an option when dealing with politically exposed customers, or unknowingly break laws by conducting business with sanctioned individuals or organisations.
Classical money laundering is alive and well. Criminals are always coming up with new and improved ways to transform their ill-gotten gains into usable money.
As an actor in the financial system, you should be aware of this threat and have your countermeasures ready.
Reputation might seem like an intangible good, but a bad reputation can negatively affect your bottom line.
For a financial institution, trust is a commodity that has to be earned and - more importantly - maintained.
As an acquiring bank or payment processor, you are the gatekeeper of the payment system. If you grant access to bad actors, this will eventually come back to bite you.
To safeguard your reputation, proper due diligence is crucial. That is why InvestiGate and Monitor have a whole host of investigative capabilities specialised in ferreting out dubious business practices or outright fraud.
In a globalised world, it has become even more crucial to know your customer. Willful ignorance is not an option when dealing with politically exposed customers, or unknowingly break laws by conducting business with sanctioned individuals or organisations.
Classical money laundering is alive and well. Criminals are always coming up with new and improved ways to transform their ill-gotten gains into usable money.
As an actor in the financial system, you should be aware of this threat and have your countermeasures ready.
In the world of eCommerce, it has become even harder to control what products and services a merchant offers.
Evaluating a merchant and their website on their own terms is one of the most important things an underwriter has to do.
Is all the policy information there? Are the products and services in compliance with local laws and card scheme regulations? Is the address named? What kind of business am I dealing with here?
The credit card associations rules lay out clear requirements for merchant websites as well as their products and services.
To make sure that a merchant complies with these guidelines is your responsibility. Our solutions help you live up to the challenge.
In a globalised world, it has become even more crucial to know your customer. Willful ignorance is not an option when dealing with politically exposed customers, or unknowingly break laws by conducting business with sanctioned individuals or organisations.
Classical money laundering is alive and well. Criminals are always coming up with new and improved ways to transform their ill-gotten gains into usable money.
As an actor in the financial system, you should be aware of this threat and have your countermeasures ready.
Transaction Laundering is an ongoing problem in the payments industry. We give you the tools to fight it.
Transaction Laundering – the injection of illegal payments into seemingly legitimate transactions – is one of the most pressing current fraud issues.
What is more, it is extremely hard to detect. One feasible way is to identify websites connected to the merchant that are unknown to the acquirer or payment processor.
Our underwriters quickly found out that this was not enough. To cover all bases, our basic SiteReveal is supported by additional modules with specialised capabilities to give you a comprehensive look at a merchant’s transaction laundering risks.
In a globalised world, it has become even more crucial to know your customer. Willful ignorance is not an option when dealing with politically exposed customers, or unknowingly break laws by conducting business with sanctioned individuals or organisations.
Classical money laundering is alive and well. Criminals are always coming up with new and improved ways to transform their ill-gotten gains into usable money.
As an actor in the financial system, you should be aware of this threat and have your countermeasures ready.
Money laundering is one of the recurring problems plaguing the financial industry. You need safeguards against it.
In a globalised world, business is increasingly international. As a result, it has become even more crucial to know your customer. Willful ignorance is not an option if you are exposing yourself to unnecessary risks with politically exposed customers, or unknowingly break laws by conducting business with sanctioned individuals or organisations.
Classical money laundering is alive and well. Criminals are always coming up with new and improved ways to transform their ill-gotten gains into usable money.
As an actor in the financial system, you should always be aware of this threat and have your countermeasures ready.
