16 June 2014 - In the Risk Department we often get asked what are the criteria to accept a certain online merchant? What are the items you base your decision on?
Therefore I guess it’s time to share some of the secret ingredients of the risk kitchen.
In essence there are 3 main categories to which each application is screened.
- Laws, rules & regulations
- The client’s business model & financial risk
- Company policies / reputational risk