RISK A-Z

Do you Know Your Customer ?

Accepting payments online means that we don’t get to actually see the client, or “read” the magnetic strip of their Card. Virtually anyone can be on the other side of the internet, using whoever’s details.   KYC K– Know             Y– your               C– customer KYC is…

CHB – not as simple as you may think

We all know how risky chargebacks are. They are being counted against us, they risk our operation, and may even cause closure of accounts, if the chargeback ratios are too high. But there is more to it than just chargebacks, as we’re about to explain.         The chargeback process has several stages:…

Black List In order to prevent repeated access of fraudulent users, we maintain updated lists of credit card numbers, email accounts and IP addresses that have been associated with inappropriate use, ChargeBacks or reported as fraudulent by the issuing bank. These lists are also known as “Black Lists”. Our systems use these lists to block…

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