Simone Aurighi from EMS about Card Fraud Prevention

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Simone AurighiCredit and Risk Manager European Merchant Services

©2011 MasterCard.Proprietary


An introduction to EMS

Founded: 2005Majority owned by First Data Inc.Full Service acquiring40.000 merchants

Founded: 196924.000 employeesUSD 10.7 BLN revenueAcquiring 24 BLN transactions annuallySettling USD 7 BLN per day

Founded: 1984Owned 100% by ABN AMRO

Offices in NL, BE, DEOver 3.100.000 cards out to market



An introduction to EMS



Set a clear Underwriting Policy

Scan every single application against the Policy and check all required KYC and compliance documents

Use G2 and other suppliers

Understand and calculate the acquiring risk

Evaluate the financial strength and put securities in place

Keep the bad ones out!

BOARDING AND UNDEWRITING



Focus on fraudulent merchants

Help your merchants protecting themselves from fraud and play the consultant role thanks to your expertise

Share as much information as possible

FRAUD MONITORING AND PREVENTION

CHALLENGE

PSPs are better positioned to offer fraud prevention tools due to alternative payments One problem, One solution



Educate your merchants

EMS sends regular newsletters and uses social media to share knowledge

EMS organizes Risk Events to raise awareness

FRAUD MONITORING AND PREVENTION

CHALLENGE

Medium/Small size merchants tend to be the most vulnerable to fraudOnly focus when an issue already occurred



Thank you very much!

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Simone Aurighi from EMS about Card Fraud Prevention

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Transcript of Simone Aurighi from EMS about Card Fraud Prevention