Have employees who are direction transactions been sufficiently trained? Is there a registered procedure that requires substantiation of security codes, acknowledgement issue, and methods for direction Internet orders? If not, the consort is exposing itself to potentially crippling financial losses.
Are payment network rules and regulations being followed? If not, the business will be subject to fines, damage payments, and a damaged reputation. Implementation of a deference management program, as substantially as broad employee upbringing programs will obviate most of the related risks.
Due to the staggering turn of daily transactions, and the number of grouping involved in every travel of the process, there exists a sizeable turn of risk. Errors crapper and will occur- and errors, regardless of their origin, cost everyone- the cardholder, the bank, the distributer and the processor- in the long run.
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