Riskskill has been approved as a trusted vendor for Visa Inc., and specifically as a Global Acquirer Risk Standards programme (GARS) reviewer. The Visa Inc. risk team monitor acquirer performance – i.e. organisations, often major banks, who process card transactions and other electronic payments for merchants. Riskskill will now assist such acquirers that want to demonstrate their compliance with applicable legislation and card scheme rules.
There are only a small number of similar approved vendors globally and most of these are based in California. With the addition of Riskskill on the Visa Inc. programme, there is now payment and risk management expertise available to acquirers in EMEA and around the globe, including across the wider USA.
Riskskill is a business advisory and management-consulting specialist, which focuses upon risk management practices and compliance within financial services and retail businesses.
The Riskskill team is heavily engaged in this part of the payments sector and has helped many acquirers (and large merchants) to review and grow their business in the right way with strong risk and exposure controls.
Visa Inc, proposes that acquirers engage a Visa-approved reviewer such as Riskskill to carry out a GARS review. They will then work on-site with management and teams at an acquirer to look at current practices and procedures to identify business improvements.
Within a GARS review, Riskskill advises on all aspects of the merchant acquiring business, including merchant and third-party partner/agent recruitment and management, underwriting and sales policy and practice; agreements and contracts; settlement operations and procedures; portfolio quality, ongoing merchant management and monitoring; merchant closure and termination; fraud, chargebacks and compliance programmes; merchant training; and data/systems security.
Kevin Smith, who manages the acquirer GARS practice at Riskskill commented that: “With a deep knowledge of the payments business and risk management requirements, the team at Riskskill look forward to working closely with more acquirers that want to improve their acquiring performance and be able to independently demonstrate this to other organisations such as Visa Inc. We are delighted that Visa Inc. recognises the skills and expertise at Riskskills, and our capabilities in global risk management.”
About Riskskill (www.riskskill.com)
Riskskill is a leading Europe-based risk management consultancy, with an impressive international track record of eliminating the risk of losses, reducing risks and exposures, and working with clients to put in place strategies and programmes of work to remove or prevent losses, regulatory issues and other fraud or bad-debt and compliance problems. Its people are widely accepted as some of Europe’s leading risk and fraud experts and they are frequent commentators on the issues involved. The key team have a wide experience in banking, insurance and the financial services and payments sectors and are thought leaders at the forefront of many industry wide and international debates.
Riskskill(http://www.riskskill.com/) is just one of only six organisations globally that have been confirmed as qualified and approved to complete GARS Reviews for Visa Inc.
For further information, contact: Bill Trueman and Kevin Smith are leading payment, risk & fraud expert. For more information one can visit their website at RiskSkill, and AIRFA.
Leigh Richards, The Right Image PR, 0844 561 7586 – firstname.lastname@example.org
Read the full story here: http://www.pr.com/press-release/614755