Pro Active Compliance Check

"Violation identification that's all it’s about.”

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.

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During the identification process PACC runs multiple indicator checks simultaneously. The results increase our client’s effectiveness in acting against content compliance violations and reduce the risk of financial loss. The indicator are designed, but not limited, to detect:

  • Illegal sale of prescription drugs and/or tobacco products
  • Illegal Internet gambling
  • Child Pornography
  • “Offensive” and or prohibited adult content
  • Sale of counterfeit merchandise
  • Sale or violations of intellectual property rights (trademark and copyright infringements)

PACC enables clients to effectively monitor merchant online channels to prevent economic loses and protect their brand reputation by detecting and correcting non-compliance circumstances.

Total Existing Card Fraud Losses and Incidence Rate by Year*

7.9 Billions U.S. $ in 2010
8.6 Billions U.S. $ in 2011
8.0 Billions U.S. $ in 2012
11.1 Billions U.S. $ in 2013

2010

2011

2012

2013

*(source: True Cost of Fraud Study, LexisNexis, 2014)

¹Business Risk Assessment and Mitigation
²Global Brand Protection Program

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Join the Videntix PACC program today and:

  • Detect fraud
  • Detect money laundering activities
  • Prevent economic losses due to compliance fines;
  • Protects your brand reputation
Contact us if you want to minimize your organizational risks in a cost-effective manor.