Risk Management in the Acquiring Business
Traditionally banks have focused their risk management capabilities and expertise on the card issuing side of the payments ecosystem, which after much investment and innovation, has evolved dramatically in recent years.
Unfortunately, the acquiring side of the payment ecosystem hasn’t received the same level of attention and investment. Recent changes in the merchant landscape have sharpened the need to bring acquirer risk management strategies to the forefront.
This now needs to be an important strategic priority to enable sustainable acquiring business growth and protect against exposure to potential penalties or fines imposed by payment networks and regulators. Risk Management is an area that can differentiate acquiring banks, become an enabler of business and market share growth, at a time when margins are being squeezed and acquirers need to differentiate themselves.
In this paper, Visa Consulting & Analytics team takes a deep dive into the five major trends in the acquiring risk management landscape and discuss the strategic implications for each of these trends. Going forward, acquirers must deal with changing customer requirements in a highly competitive, regulated environment, rife with new entrants, rapidly evolving consumer preferences, emerging payment types, increasingly complex value chains and new payment use cases.
As such, acquirers are repositioning themselves and must provide best-in-class acquiring risk solutions for payments-related needs such as fraud and dispute risk management, technology solutions and data analytics. Supporting you to navigate these changing times, this paper introduces to you our acquiring risk management framework and shares ways in which our expertise can help you build best in class risk management capabilities.
For more insights, please read our full opinion paper. If you’d like an in-depth conversation on acquiring risk management and the ways we can support your business, please contact your Visa Account Executive, or email VCA@visa.com. Stay current with the latest payments insights from Visa Navigate CEMEA – subscribe today.
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