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...
Visa Europe Payment Stop Service

Visa Europe Payment Stop Service

Visa Europe has introduced a new fee on repeated authorisation requests where a decline decision has already been received from the Card Issuer.  The new Visa fee for auths on declined reoccurring transactions is €1.00 per transaction. This fee will be applied on the...
MasterCard Global Ops Security Bulletin Date: 8th Nov 2016

MasterCard Global Ops Security Bulletin Date: 8th Nov 2016

Security level indicators in authorisations and clearing files must match, or the settlement files will be rejected. This change will prevent authorisations being tagged as non-secure but settled transactions being tagged as secure code authenticated. PSP’s should...