Videntix is an internationally focused organization that supports companies in the payment card industry, such as payment service providers (PSP), in managing their compliance risk management programs.
As credit card compliance risks are presented by an increasing variety of online payment channels, financial institutions face considerable challenges in tracking down all types of compliance risks and fraud. The complex constructions of some fraud practices or money laundering schemes may even confuse their existing fraud-detection mechanisms.
While merchants may choose to track their transactional data by channel or not, financial institutions have little capability to determine which channel was used to make a fraudulent card not present (CNP) purchase. We provide specified services to mitigate the risks involved in CNP transactions.