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Web Shield Academy is only one of our efforts to prepare the payments industry for the fight against fraud. Our publications are another.

They train you and your team for the challenging job of an underwriter - with a new edition coming out annually.

Web Shield Catalogue
2018
edition
Fundamentals of Card-not-Present Merchant Acceptance
Understanding High-Risk Business
Details
39.90
incl. VAT & Shipping
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Christian Chmiel & Markus Prause

Understanding High-Risk Business

Price
39.90
Pages
205
Edition
2018
ISBN
978-3-9817973-2-9
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The rise of e-commerce presents tremendous business opportunities to reach out to markets, way beyond merchants’ domestic footprint. As online retail and e-travel is booming, new business types have emerged that profit from cross-border e-commerce. E-shoppers pay with credit cards or through alternative payment methods. Due to their relative anonymity, Card-Not-Present (CNP) Payments are more vulnerable to fraud. Card organisations keep track of recent developments and regulators are forced to adapt ongoing Due Diligence procedures, in order to mitigate increased risk. Business types are assessed, categorized and coded and their subsequent risk level is extremely relevant for the merchant acquiring business. Risk professionals and underwriters work under high pressure.

The 2018 Edition of the “Fundamentals of Card-Not-Present Merchant Acquiring” provides underwriters and risk professionals with guidelines and investigation techniques when on boarding merchants, engaged in “high-risk” or “hidden high-risk” business. This guide explores a variety of risk indicators that need to be identified and researched, before accepting both high-risk business types as identified by Visa and MasterCard and higher risk business types as identified by ‘brand protection compliance programs’ (BRAM or GBPP).

New business types, subsequent card scheme regulations, associated risk factors and on-boarding & monitoring recommendations are explained into detail. This book covers additional monitoring procedures, including verification methods to analyse and detect associated risk.

“Understanding High-Risk Business” offers underwriters and risk professionals in the merchant acquiring business a deeper understanding of deceptive marketing techniques, manipulative web traffic generation and effective due diligence measures when screening, investigating and monitoring specific business models.

2017
edition
Fundamentals of Card-not-Present Merchant Acceptance
Investigation Strategy
Details
39.90
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Christian Chmiel & Markus Prause

Investigation Strategy

Price
39.90
Pages
195
Edition
2017
ISBN
978-3-9817973-1-2
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New Fraud Scenarios have emerged in the shadow of growing global e-Commerce. Credit Cards are still the most popular CNP payment method worldwide and global card fraud is estimated to exceed$35.54 billion by 2020. Regulators force Financial Institutions to adapt their Due Diligence procedures,while cyber criminals change their “modus operandi” and increasingly abuse web shops to commit malicious fraud attacks. Card fraud continues to threaten Merchant Acquirers and Payment service providers (PSP) alike and has led to reputational damage, financial loss and substantial fines from the card associations.

The Authors of this reference guide are industry Professionals, with extensive experience in the online Payments business. Whereas the previous edition offered Underwriters and Risk Professionals a basic Manual to identify, analyse and assess various Risk Indicators, this book zooms in on current Fraud Scenarios. It provides the reader with a complete investigative methodology, including tools to detect,analyse and prevent fraud, from pre-onboarding up to the final decision to decline or accept a merchant. The reader is also provided with a detailed examination of Transaction Laundering and malicious forms of Aggregation.

Underwriters are the first line of defence in the corporate security of CNP payments and Merchant Acquiring. With this Book, the Authors hope to contribute to the protection of Financial Institutions,Card Processors, Merchant Acquirers and Merchants against avoidable financial loss and reputational damage. Even more experienced Risk professionals will find this book useful.

2016
edition
Fundamentals of Card-not-Present Merchant Acceptance
A Best Practice Guide for Underwriters
Details
39.90
incl. VAT & Shipping
X
Chrstian Chmiel & Markus Prause

A Best Practice Guide for Underwriters

Price
39.90
Pages
182
Edition
2016
ISBN
978-3-00-050937-7
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As international e-Commerce thrives and e-Payment volume rises, so does cybercrime. Credit cards are still #1 CNP payment method worldwide and form an attractive target for fraudsters, involved in financial crime. Financial Institutions are forced to adapt their Due Diligence procedures, in order to be legally compliant and to mitigate risk.

Criminals have shifted their “modus operandus” and are increasingly using web shops to commit large-scale fraud. Card fraud, committed by malicious online merchants, has become a growing threat to Acquiring Banks and payment service providers (PSP) and has led to reputational damage, financial losses and fines from the card organizations. 

The Authors of this Best Practice Guide are Industry Experts, with extensive experience in the online Payment Industry, resulting in a practical manual for professionals in Risk Management departments of e-Payments facilitators. The various chapters in this Guide, explain the different Fraud Scenarios and zoom in on recent Fraud cases. 

The various analytical tools and investigative methodology available to detect, analyse and prevent fraud before merchant acceptance are highlighted. Fundamentals of Due Diligence processes and KYC screening procedures are outlined, including all crucial steps during the EDD on-boarding phase. Underwriters and Risk Managers in the Payment Acquiring business will find this book very useful, as it provides added value and expertise necessary to protect financial institution against financial loss, avoidable chargebacks and reputational damage; expertise which is crucial for all stakeholders involved in profitable cross-border e-commerce.

2016
edition
Fundamentals of Card-not-Present Merchant Acceptance
A Best Practice Guide for Underwriters
Details
39.90
incl. VAT & Shipping
X
Chrstian Chmiel & Markus Prause

A Best Practice Guide for Underwriters

Price
39.90
Pages
215
Edition
2016
ISBN
978-3-9817973-0-5
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This is the Russian language version of our original Best Practice Guide for Underwriters.

По мере бурного развития международной электронной коммерции растет объем онлайн-платежей с использованием банковских карт. Электронная коммерция стала «золотым дном» не только для всех участников экосистемы онлайн-платежей, но также для мошенников и киберпреступников. Финансовые институты были вынуждены пересматривать свои стандарты управления рисками, чтобы уменьшить опасность, исходящую от нечистых на руку владельцев кредитных карт. В ответ на это финансовые преступники сменили тактику и всё более активно используют веб-магазины в мошеннических целях. Мошенничество с кредитными картами, совершаемое недобросовестными онлайн-продавцами, является растущей угрозой как для карточных ассоциаций, так и для банков-эквайеров, которые сотрудничают с поставщиками платежных услуг в Интернете в целях упрощения электронных платежей для продавцов.

Авторы данного Руководства по передовой практике, являющиеся отраслевыми экспертами с многолетним опытом в области электронной индустрии платежных карт, разработали практическое руководство для андеррайтеров и всех специалистов, занятых в командах по управлению рисками в финансовых институтах и организациях, оказывающих платежные услуги. Главы данной книги освещают различные сценарии мошенничества и подробно рассматривают аналитические инструменты и методы расследования для выявления, анализа и предотвращения киберпреступлений до принятия продавцов на обслуживание. Авторы объясняют основы стандартного процесса надлежащей проверки (Due Diligence), а также процесс KYC скрининга, уделяя особое внимание различным видам риска, которыми необходимо управлять на стадии сопровождения новых клиентов.

Данное Руководство привлечет наибольшее внимание андеррайтеров и риск менеджеров, занятых в области эквайринга электронных платежей, предоставляя необходимые рекомендации для защиты финансовых учреждений от финансовых убытков, а также репутационного ущерба, которые можно избежать. Это бесценный опыт для всех заинтересованных организаций, вовлеченных в платежные операции в области прибыльной электронной коммерции.

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