Acquirer's Assurance
Acquirers & Payfacs
The challenge is real. Managing an acquiring portfolio comes with the various challenges of Risk Management, Fraud Management, Chargeback Management, compliance and regulations. Then there is onboarding and underwriting, payment security, data protection, the list goes on.
To assist you in your Fraud Management value chain, we offer you a 360-degree Fraud Management as a Service solution. This allows you to spend more time on the other challenges in managing an acquiring portfolio of merchant customers. Our solution is payment method agnostic and caters for all types of electronic payments.
Are you an existing Acquirer or Payment Facilitator wanting to consider options for your fraud management strategy?
If you are an existing Acquirer or Payment Facilitator the chances are that you manage your fraud prevention in-house via a team of analysts and experts using a Fraud Management tool under a Software-as-a-Service model. You may even have developed the system in-house. The reality is that building and maintaining a fraud management system is not the core business focus for most companies. Even if the software is provided by third parties, it is expensive to maintain as it is resource-intensive. Specialised resources are required to configure the system and keep it up to date to reflect the constantly changing fraud landscape. The tools work well but the user experience is not always the best.
You may consider outsourcing all or part of the fraud management of your portfolio to us. We will handle the complexities of fraud prevention and detection, allowing you to concentrate on growth. We have designed various products that may assist you. Transaction Monitor and Merchant Watch allow you to predict, prevent and detect fraud on your transactions and merchants. Portfolio Control allows you to go beyond mitigating fraud and financial liability on a merchant level and allows you to stay compliant as an organisation with payment scheme standards, programs and regulatory requirements. And if you are operating in certain high-risk industries, Industry Plus and Dispute Guard allow you to scale up your proactive measures to reduce financial losses. Speak to us today for more information.
Need assistance with VIRP or BRAM?
If you are an acquirer or payment facilitator then you will be familiar with Visa Integrity Risk Program (VIRP) and Mastercard’s Business Risk and Mitigation (BRAM) program. In certain cases a remediation plan may be required which may consist of a portfolio review, bringing in additional expert resources and enhancing your risk-monitoring tools. Bringing in a third-party vendor to assist you may be exactly what you need.
Movated’s Merchant Watch and Portfolio Control are designed with VIRP and BRAM in mind and can proactively or retrospectively assist you in maintaining compliance. Transaction Monitor and Industry Plus provide additional layers of transaction-level monitoring. Speak to us today for more information.
Are you a new Acquirer of Payfac about to start the licensing process?
There are various reasons as to why you would want to become an acquirer or a payment facilitator, one of which is to tap into the lucrative payment industry and generate revenue through transaction processing fees. By offering payment processing services, you can attract a diverse range of merchants, expand your customer base and provide value-added solutions. Becoming an active player in the payment ecosystem also opens opportunities for innovation, data insights, and industry influence, enhancing their reputation and potential for business growth.
Becoming an acquirer or payment facilitator also comes with various requirements, responsibilities and regulatory obligations. Fraud management and AML compliance make up a sizable portion of the effort required to remain compliant with industry and card scheme regulations and avoid losing money. Our Transaction Monitor, Industry Plus, Merchant Watch and Portfolio Control products are all designed to assist you in getting started, take off and scale. Speak to us today for more information.
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