Javelin Strategy & Research’s annual consumer payments survey estimates that the total volume of (online) card not present (CNP) transaction will increase from $351.9 billion in 2013 to $378.6 billion in 2014. The rise in CNP transactions continues to make the online channel attractive to criminals and fraudsters.
Merchants online channels containing illegal or brand damaging content, create compliance issue which in turn can result in direct actions and fines from the involved financial institutions.
Videntix’s Pro-Active Compliance Check (PACC) is our merchant monitoring tool for, non-compliant, CNP transaction identification. PACC is an in-house developed tool, designed to detect merchant CNP transactions that violate the major credit card company’s regulation such as MasterCard’s – BRAM¹ and VISA’s – GBPP².