Visa & RIS... can someone explain this? - GoFuckYourself.com

tical · 05-13-2005, 06:43 PM

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.

Diligent · 05-13-2005, 07:08 PM

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.

tony286 · 05-13-2005, 08:14 PM

its a excuse to charge more money

vicki · 05-13-2005, 09:58 PM

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.

05-13-2005, 06:43 PM	#1
tical Confirmed User Join Date: Feb 2002 Location: Las Vegas Posts: 6,504	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

05-13-2005, 07:08 PM	#2
Diligent Confirmed User Join Date: Aug 2003 Location: Hoy Suecia, mañana Nirvana Posts: 1,594	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! ~¤~ ~¤~ ICQ# 9828 2461 ~¤~

05-13-2005, 09:58 PM	#4
vicki Confirmed User Industry Role: Join Date: Feb 2002 Location: Deep in the heart o' Texas Posts: 1,478	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

05-13-2005, 08:14 PM	#3
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	its a excuse to charge more money