The Next Major Shift in Payment Risk Won’t Be Transaction Intelligence. It Will Be Product Intelligence. Banks and Processors Still Monitor Transactions, Chargebacks and Merchants. The Next Risk Layer Is Understanding What Their Merchants Are Actually Selling. For decades, payment risk has largely been managed from the transaction backward. Banks and processors monitor chargebacks. Fraud […]
How Many Enforcement Actions Before Merchant Monitoring Becomes a Board-Level Issue? Paddle. Nuvei. Humboldt. The FTC Is Sending Payments a Message. Three payment companies. Three FTC enforcement actions. More than $21 million in announced monetary settlements or relief. And one increasingly uncomfortable question for every processor, PayFac, merchant-of-record provider, acquirer and sponsor bank: How much […]
Your Policy Changed. Did Your Portfolio? Why Every New Compliance Rule Creates a Portfolio-Wide Problem Most Payment Companies Aren't Built to Solve "Updating a policy is easy. Proving that thousands of existing merchants comply with it is where the real work begins." - Noah Fitzgerald, CPP, CRO Qredible, Inc. The Email Arrives Monday Morning […]
Stop Making Banks Police Your Products It's Time to Put First-Line Product Compliance Responsibility Back Where It Belongs: With the Merchant "Your payment processor should not be the first person to tell you your product is out of compliance." - Noah Fitzgerald, CPP, CRO Qredible, Inc. We Have a Responsibility Problem in Regulated Commerce […]
Why Products Matter More Than Businesses The Next Evolution of Merchant Risk Is Happening at the Product Level. ""You cannot fully understand the risk of a merchant without understanding the products behind the merchant." - Noah Fitzgerald, CPP, CRO Qredible, Inc. Introduction For decades, merchant underwriting has started with the business. Who owns it? […]
Why Risk Teams Need Intelligence, Not More Reports Reporting Documents the Past. Intelligence Shapes the Future. ""The goal of a modern risk organization isn't to produce more reports. It's to produce better decisions." - Noah Fitzgerald, CPP, CRO Qredible, Inc. Introduction Walk into almost any risk department today and you'll see an impressive collection […]
The Hidden Compliance Crisis We Didn't Expect to Find What More Than 100,000 Product Compliance Documents Revealed About Merchant Risk For decades, merchant underwriting has relied on applications, questionnaires, website reviews, and supporting documentation to determine whether a merchant should be approved. The assumption has always been straightforward: If the paperwork appears complete, the merchant […]
The Hidden Compliance Gap Why Passing Underwriting Doesn't Always Mean Passing an Audit Every payment processor has approved a merchant they believed met underwriting requirements. Every sponsor bank has relied on underwriting decisions made in good faith. Every risk executive assumes their compliance program is working as intended. But here's the uncomfortable question that every […]
