The payments industry is entering a period of heightened accountability, driven by escalating fraud threats and tightening card network standards. As merchant fraud grows more sophisticated, acquiring banks, payment facilitators (payfacs), and independent sales organizations (ISOs) face greater scrutiny to identify and prevent illicit activity.
In this article in Total Retail, LegitScript's Dan Frechtling explains how two major deadlines are reshaping how companies that facilitate payment processing must approach merchant risk: Visa's Acquirer Monitoring Program (VAMP) and Mastercard's revised Merchant Monitoring Program (MMP). Click through to the full article to learn more.