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...
Austreme and LianLian Global enter Partnership to Make Safer Payments
Austreme announces a new partnership with LianLian Global, formed to provide online merchant compliance monitoring services to LianLian Global’s partner in Mainland China. LianLian Global will act as an authorized reseller of Austreme’s SiteInspect (SI) and...
Austreme shares Credit Card Security with HK Police Force – Cyber Security and Technology Crime Bureau
As part of the Cyber Defender Programme invited by the HK Police Force - Cyber Security and Technology Crime Bureau, Austreme Director Terence Chau shares expertise on Credit Card Security & Tokenization on Hong Kong's Television Broadcast...
Austreme supports Regtech development in Hong Kong
The RegTech Association of Hong Kong and the Hong Kong University of Science and Technology (HKUST) Business School invited Hong Kong regtech community members to exchange their insights in a form of a focus group back in July 2022. This focus group will specifically...
Austreme’s Director of Risk and Compliance to share his expertise at the Fraud Detection in Cyber Crime Intelligence training event
Austreme’s Director of Risk and Compliance – Terence Chau, will be sharing his expertise as guest speaker at the Fraud Detection in Cyber Crime Intelligence training event hosted by The Cyber Security and Technology Crime Bureau (CSTCB) in December 2022. The Cyber...
Austreme Director of Risk and Compliance – Terence Chau, to speak at the APAC Financial Coalition Australia Forum, organised by the ICMEC
Austreme Director of Risk and Compliance – Terence Chau, to speak at the APAC Financial Coalition Australia Forum, organized by the International Centre for Missing and Exploited Children (ICMEC), in November, 2022. Formed in 1999, the International Centre for Missing...
Austreme’s Transaction Monitoring service can be used in Merchant Shopify websites
Austreme’s Transaction Monitoring service is now available for implementation on Shopify websites. This means that merchants using Shopify webhosting can be effectively monitored by acquirers and payment service providers. Transaction Monitoring provide risk-based...
Austreme SiteInspect and Transaction Laundering Detection is Mastercard Payment Gateway Services (MPGS) enabled
Austreme SiteInspect and Transaction Laundering Detection is Mastercard Payment Gateway Services (MPGS) enabled Oct 11, 2022 – Hong Kong Austreme’s SiteInspect and Transaction Laundering Detection now support MPGS gateway, enabling near real-time merchant monitoring...
Austreme Wins Most Innovative KYC Solution Provider at UK-based International Finance Awards 2022
Austreme Wins Most Innovative KYC Solution Provider at UK-based International Finance Awards 2022 Finance magazine International Finance has awarded Austreme – Most Innovative KYC Solution Provider at its 2022 Finance Technology Awards! Other winners of the awards...
Austreme Director of Risk and Compliance – Terence Chau, was invited to speak at the UnionPay International Semi Annual Operation Support Workshop August 2022
Austreme Director of Risk and Compliance - Terence Chau, was invited to speak at the UnionPay International Semi Annual Operation Support Workshop, held in an online webinar on August 2nd 2022. This workshop was intended for Risk control, Security and Compliance, and...