Web Shield blog
News on regulation, fraud, and card scheme rules
We keep you updated on card scheme rules, fraud trends, underwriting best practices, and Web Shield products.
Regulation round-up
Visa to replace Global Brand Protection Program
Effective 1 May 2023, Visa will introduce the Visa Integrity Risk Program (VIRP) to replace the Global Brand Protection Program (GBPP). We examine the updated requirements for acquirers and their agents in respect of high-risk merchants.
Regulation round-up
Mastercard reacts to Covid-19 scams, fake endorsements and ENDS
In reaction to new fraud trends, Mastercard is constantly amending its Business Risk Assessment and Mitigation (BRAM) program. This time around their focus lies on COVID-19 scams, celebrity endorsements and electronic nicotine delivery systems (ENDS).
Expert interview
The hybrid merchant underwriter of the future
The future of risk management will likely be a combination of human with machines, rather than human versus machine. Hybrid models will deliver outcomes greater than the sums of their parts, as Christian Chmiel explains.
Expert interview
When appearances can be deceiving
Especially in the current crisis, Steve Baker's exclusive interview for the 2019 RiskConnect Magazine on Deceptive Marketing has lost nothing of its relevance. That's why we have decided to republish it here for a broader audience.
Fraud focus
Compliance during coronavirus: keep calm and carry on
We examine how Covid-19 is impacting regulators and regulated entities, especially acquirers and Payment Service Providers, in managing and mitigating the risks of financial crime.
Fraud focus
How to protect your business from common Covid-19 scams
Criminals adapt well. The Covid-19 crisis has shown how quickly they are able to invent new scams and re-purpose old ones. We examine some common Coronavirus scams and explain how acquirers and payment service providers can safeguard their businesses.
Fraud focus
Money launderers exploit online gaming loopholes
In Counter Strike: Global Offensive, the multiplayer online game, players can choose to be terrorists or counter-terrorists. Increasingly many of them are choosing to be money launderers.
Fraud focus
Spot a fraudster - ten more tell-tale signs of a con
In a follow-up to our earlier blog ten tell-tale signs of a con, we get behind the psychology of scams to help you falling victim to one.
RiskConnect news
“Interested in data? I’m happy to share.”
Druing their presentation at RiskConnect 2019, Bastian Obermayer and Frederik Obermaier, the two journalists behind the Panama Papers leak, explained how they mined huge amounts of data from the world of offshore finance.
Fraud focus
Counterfeiting: the real deal on fake goods
Fakes are real, big business and counterfeit goods are ubiquitous both on- and offline. The merchants who sell them pose increased risk for the acquirers and payment service providers (PSPs) who provide them with card acceptance.
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