Visa Integrity Risk Program (VIRP) Pricing Latest Updates: October 2023
Visa is introducing new pricing for the Visa Integrity Risk Program in AP, CEMEA, and LAC (excluding Chile) from April 1, 2024. The program is designed to protect the integrity and security of the Visa payment system by ensuring that acquirers are engaging...
Austreme and WeTech enter strategic Partnership for cross-border payment risk solutions
Austreme announces a new partnership with WeTech, officially signed on September 5, 2023 in Shenzhen. This strategic partnership was formed to cooperate in financial technology, with goals to prevent transaction fraud, reduce chargebacks, improve transaction...
Legal and Regulatory Update Trends – Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM)
Legal and Regulatory Update Trends - Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM) Mastercard has updated information on Internet gambling and sports betting in Hungary and Moldova. From 1 January 2023, companies in Hungary and...
Adult Content and Deep Fake Content – Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM)
Adult Content and Deep Fake Content - Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM) Mastercard has updated its Adult Standards FAQs to further clarify consent and adult content requirements. In summary, if consent cannot be...
Cannabis-related merchants – Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM)
Cannabis-related merchants - Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM) Mastercard Standards prohibit the processing of any transactions related to illegal activity or products under its card brand. Cannabis remains a...
The Sale of Opioid-related Substances – Latest AN 8201 Updates for the Mastercard Business Risk Assessment and Mitigation Program (BRAM)
The Sale of Opioid-related Substances - Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM) The International Narcotics Control Board (INCB) has published a list of fentanyl-related substances and synthetic non-fentanyl opioids with...
The Sale of Counterfeit Goods on Marketplaces – Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM)
The sale of counterfeit goods on marketplaces - Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM) Due to an increasing trend in the sale of counterfeit goods on marketplaces and other online platforms, Mastercard enforces its...
Instalment Payments and Violating Activity – Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM)
Instalment Payments and violating activity - Latest AN 8201 Updates for the Business Risk Assessment and Mitigation Program (BRAM) Merchants who provide instalment payments and who are found to be processing unlawful transactions must immediately discontinue any...
Austreme’s Director – Terence Chau, was invited on the panel of final judges for the “2023 Intelligent Business Opportunity Make IT Happen” event organised by JCI Peninsula in Hong Kong
The 2023 Intelligent Business Opportunity Make IT Happen event organised by the Junior Chamber International Peninsula invites founders of innovation and technology industry to share past experience, personal experience and insights on future development to students...
Changes to Merchant Monitoring Program (MMP) – AN4175
Changes to Merchant Monitoring Program (MMP) – AN4175 As a reminder to all merchants and customers of the Merchant Monitoring Program (MMP), Mastercard has applied the following changes: Merchant Monitoring Service Providers (MMSP) are to be registered by Acquirers...
Mastercard Updates for BRAM Program AN4175
Recent Mastercard Updates to the BRAM Program - AN 4175 Mastercard announced new additions to the Business Risk Assessment and Mitigation (BRAM) program – targeting further illegal or brand-damaging activities, and updates to recent regulatory actions regarding online...
Data Management Firm fails to protect Customer Data of over 180,000 people
A data management firm in Hong Kong has been under fire from Hong Kong privacy watchdog for failing to protect the data of its customers - a possible exposure of credit histories of 180,000 people. The firm did not have sufficient measures to protect the information...
The Threat of Deepfakes in Identity Fraud
A recent survey found that AI-generated identity fraud like deepfakes affect a third of businesses. It revealed that 37% of organizations had experienced deepfake voice fraud, and 29% had fallen victim to deepfake videos. As AI can be leveraged to create increasingly...
Austreme partners with Ethoca to help remove more Chargebacks out of the Payments Ecosystem
As fraud and chargebacks are constantly evolving and on the rise in the ecommerce world, it is crucial for merchants to adopt solutions to reduce fraud and chargebacks. In these instances, it is essential that merchants are aware of and respond to potential disputes...
Visa is introducing the Visa Integrity Risk Program (VIRP), on 1 May 2023
The Visa Integrity Risk Program (VIRP) will replace Visa's current Global Brand Protection Program (GBPP), and will subsequently enforce the term "High-Integrity Risk Merchants" in place of its current "High-Brand Risk Merchants". The VIRP is designed to protect...