Business Update – CURRENCY MANDATE

Business Update – CURRENCY MANDATE

Effective 13 October 2017, Visa and Mastercard have changed currency exponent values for Chilean peso and Ugandan shilling to align with ISO standards and other card schemes. This change will help to eliminate false declines or at-risk approvals caused by differences...
Business Update – New e-commerce Turkish regulation

Business Update – New e-commerce Turkish regulation

Effective 31 December 2017, a new local e-commerce regulation published by the Banking Regulations and Supervision Agency (BRSA) will require issuers in Turkey to obtain consent from their cardholders to enable cards to perform e-commerce transactions. Turkish issuers...
Business Updates – Brute Force

Business Updates – Brute Force

Visa have shared recommended best practices to prevent brute-force authorization attacks. In a brute-force attack fraudsters use automated software known as “botnet” which continuously attempts to guess account data such as account number, card expiration date, PIN or...