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) Merchants who provide instalment payments and who are found to be processing unlawful transactions must immediately discontinue any...
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...
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...
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...
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...
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...
As a result of the pandemic, e-commerce has boomed for the past two years. At the same time, the opportunity to use online transactions (especially credit cards) to attempt money laundering has also increased. According to the Electronic Transactions Association (ETA)...
Mastercard’s New Rules for Adult Content and Services – Will this Affect You? Effective on October 15 2021, Mastercard announced its recent changes and updates to adult content and services, which will directly affect all merchants in this category. The new...
Know Your Transaction (KYT) is a hot trend in payment compliance and regulatory technology. All payment risk professionals are advised to learn and adopt KYT in their daily operations. In this guide, you will gain an understanding of the followings. What...
