Category: Uncategorized

“Multilateral [payment] platforms could play a key role in alleviating the frictions of cross-border payments and achieving the global targets for cost, speed, transparency and access (FSB (2021)). However, risks, barriers and challenges could limit their potential or even hinder their establishment in the first place. While this report does not present a blueprint for…

The growth of APMs (Alternate / Local Payment Methods) can be attributed to: Drivers of consumer adoption include: Drivers of merchant adoption include: External structural influences have also played a key role in driving the growth of APMs: Credits:Flagship Advisory Partners

If your company’s lifeline is recurring revenue, preventing customer churn is crucial to success. Subscription businesses stay afloat by maintaining a high uptime, reaching out to disengaged users and leveraging their current customer base for highly qualified referrals. Until recently, it’s been nearly impossible to minimize the loss of revenue associated with outdated payment information. Account UpdaterAccount Updater…

Visa and Mastercard have extended the BIN (Bank Identification Number) of their cards from 6 to 8 digits globally on April 1st 2022. The change in BIN length is a regulatory change and mainly affects card issuers. But some merchants and Payment Service Providers (PSPs) use the BIN for routing transactions, for loyalty programs, for…

What is the Payment Services Act (PSA)? The Payment Services Act (PSA) provides for the licensing and regulation of payment service providers and the oversight of payment systems and it was passed on 14 January 2019 What Payment Services Fall Within the Scope of the PSA? For the purposes of the PSA, the following services…

Visa owns and manages an efficient and reliable global processing infrastructure, VisaNet. VisaNet provides a wide range of processing services to the Visa membership, including, but not limited to, authorisationAuthorisation Authorisation This is the process of the card issuer (like Visa or Mastercard) verifying payment details and reserving the funds to capture it later. In ecommerce,…

Mastercard’s chargeback monitoring program is called the Excessive Chargeback Program (ECP). It contains two tiers of program thresholds (CMM and ECM) and your account will fall into one or the other, depending on the severity of the chargeback issue. Just as with their fraud program, the goal of this program is to reduce chargebacks —…

Visa Dispute Monitoring Program (VDMP). This went into effect October 1, 2019. For the Visa Dispute Monitoring Program, what has historically been called “first chargeback” is now referenced as “dispute.” Overview Visa implemented their chargeback and fraud compliance programs to mitigate excessive disputes and fraud activity. Ultimately, Visa expects merchants to maintain low chargeback and…