Managing business risk in today’s electronic payments industry is paramount to the success of any payments company. Criminals and other “bad merchants and fraudsters” are constantly testing and penetrating payments networks and companies to take advantage of acquirer, processor and payment service provider vulnerabilities to gain access and gather data. Failure to properly protect and manage all aspects of payments risk potentially opens up companies of all types to enormous liabilities and financial risk. All businesses need to be aware of the potential damage that poor management of reputational, brand, fraud and compliance risk can have, including risks that emerge from entering into agreements with merchants and other players who knowingly or unknowingly are associated with illegal, risky and brand damaging transactions and activities.

To meet these challenges management and staff must be informed about the card payment network rules (Visa, MasterCard), regulatory compliance, technology, processes and best practices for managing the risks and liabilities associated with accepting and/or processing electronic payments. This is particularly true for startups, SAAS and technology companies that enable payments in the eCommerce, mobile and POS environments.

The course is aimed at staff involved in merchant acquisition and payment operations managers, such as acquirer program and portfolio managers, marketplace administrators and payment facilitators, underwriters, risk managers and other staff involved in support of payments acceptance and processing. Participants attending should be interested in understanding the key responsibilities for managing payment and acquirer risk identified by Visa and MasterCard and how to ensure their company’s operations follow industry best practices to be compliant with the rules and risk standards for each card network.

The Global Vision Group instructors for this course are uniquely qualified based on their extensive experience in working with domestic and international clients on numerous risk assessments and best practices implementation projects with merchants, payment processors, payment facilitators and acquirers. Global Vision Group is a “certified assessment vendor” for Visa’s Chargeback Management, Fraud Management, Global Brand Protection, Global Risk Standards and Acquirer Risk Standards programs.