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Cindyff · 03-15-2004, 03:08 PM

This was posted by Ibill on their CMI i have read it 3 times and cannot for the life of me understand how this will help reduce fraud. All i see is that Visa will make a ton of extra cash and webmasters again will be made to pay. Instead of tackling the root of the problem they are just adding fines as though that actually addresses the fraud problem. As i see it the main cause of fraud these days is the card holders that want to get out of paying for membership to sites so he cry's stolen CC and gets a refund or chargeback despite the fact he accessed the site or sites for months. Until that is worked on i doubt fraud will be reduced significantly ?

VISA Monitoring Programs

As previously communicated in January 2004, VISA has begun to enforce fraud programs know as the Acquiring Merchant Program (AMP) and the Risk Identification Service (RIS) to monitor potentially fraudulent transactions. Effective July 2003, Visa lowered the fine thresholds for both programs. As a result, InterCept Payment Solutions has received fines based on the number of potentially fraudulent transactions reported to the AMP and RIS systems by card issuers. Low cost trials and rebills make up the bulk of the RIS/AMP transactions flagged by issuing banks. The RIS & AMP transactions represent less than .003% of iBill?s total transactional volume and cover a period of several months.

The fine is allocated to a small number of clients with contributing transactions and will be identified on the 3/15 statement by the following description:

VISA RIS Allocation (covering transactions from June to October 03)
VISA AMP Allocation (covering transactions from August to December 03)

Going forward, VISA will be compiling monthly RIS and AMP reports based on the number of transactions being suspected or confirmed as fraudulent by card-issuing banks. Transactions flagged for RIS /AMP programs may or may not result in actual chargebacks. A RIS/AMP transaction is not included in chargeback counts unless it actually becomes a chargeback.

Please be assured that iBill continues to be well below both VISA and MC chargeback thresholds. Additionally, we are working closely with our processor to reduce the number of RIS & AMP flagged transactions.

03-15-2004, 03:08 PM
Cindyff Confirmed User Industry Role: Join Date: Sep 2002 Location: California Posts: 1,187	Visa , Fraud and Ibill This was posted by Ibill on their CMI i have read it 3 times and cannot for the life of me understand how this will help reduce fraud. All i see is that Visa will make a ton of extra cash and webmasters again will be made to pay. Instead of tackling the root of the problem they are just adding fines as though that actually addresses the fraud problem. As i see it the main cause of fraud these days is the card holders that want to get out of paying for membership to sites so he cry's stolen CC and gets a refund or chargeback despite the fact he accessed the site or sites for months. Until that is worked on i doubt fraud will be reduced significantly ? VISA Monitoring Programs As previously communicated in January 2004, VISA has begun to enforce fraud programs know as the Acquiring Merchant Program (AMP) and the Risk Identification Service (RIS) to monitor potentially fraudulent transactions. Effective July 2003, Visa lowered the fine thresholds for both programs. As a result, InterCept Payment Solutions has received fines based on the number of potentially fraudulent transactions reported to the AMP and RIS systems by card issuers. Low cost trials and rebills make up the bulk of the RIS/AMP transactions flagged by issuing banks. The RIS & AMP transactions represent less than .003% of iBill?s total transactional volume and cover a period of several months. The fine is allocated to a small number of clients with contributing transactions and will be identified on the 3/15 statement by the following description: VISA RIS Allocation (covering transactions from June to October 03) VISA AMP Allocation (covering transactions from August to December 03) Going forward, VISA will be compiling monthly RIS and AMP reports based on the number of transactions being suspected or confirmed as fraudulent by card-issuing banks. Transactions flagged for RIS /AMP programs may or may not result in actual chargebacks. A RIS/AMP transaction is not included in chargeback counts unless it actually becomes a chargeback. Please be assured that iBill continues to be well below both VISA and MC chargeback thresholds. Additionally, we are working closely with our processor to reduce the number of RIS & AMP flagged transactions.