Visa & RIS... can someone explain this?

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  • tical
    Confirmed User
    • Feb 2002
    • 6504
    #1

    Visa & RIS... can someone explain this?

    Anyone know exactly what RIS is?

    I've been hearing about this and its slowing down business for several people I know. The thing is no one has really given them a straight answer as to what RIS is and how it is slowing down their business other than it's just another Visa rule.
    112.020.756
    Tags: None
    • Diligent
      Confirmed User
      • Aug 2003
      • 1594
      #2
      Found some info, hope it helps :

      One of Visa's several compliance programs for merchants; Highly Suspect Potential Fraud

      The Risk Identification Service (RIS) is a service provided by Visa U.S.A, to identify merchants generating a disproportionately high percentage of suspect transactions. Suspect transactions are defined as transactions which took place on the day a credit card was reported lost or stolen and may be potential fraud activity. Visa distributes information pertaining to abnormal levels of suspect transactions to Paymentech Payment Services on a daily, weekly, and monthly basis. Upon identification of a merchant as highly suspect, the merchant may be required to adhere to special procedures, install fraud-reducing equipment, and may suffer fines.
      ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~
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        • tony299
          lurker
          • Aug 2002
          • 57021
          #3
          its a excuse to charge more money

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            • vicki
              Confirmed User
              • Feb 2002
              • 1478
              #4
              JAM is correct

              If a merchant is doing a high amount of suspect transactions, they definately need fraud controls to be put in place on the gateway side of things.
              If at first you do succeed - try to hide your astonishment.

              HR merchant accounts from 3.45%
              solid biz since 98
              victoriakozub AT gmail.com
              skype: victoria.kozub | ICQ: 74296746

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