Risk is good. Think about it this way, why do cars have brakes? Brakes on a car are the ultimate risk management device. They help control the car, are inherent to driving and, most importantly, help the driver go faster. Because they know they can slow down, avoid hazards or stop, drivers are able to take more risk.
Successful companies did not get to where they are today without taking risks. But it’s only those with robust risk management structures and confidence in them, who can be more enterprising and entrepreneurial. In short, take more calculated and controlled risks to boost their business, reputation and bottom line.
This online course sets acquirer risk management in the wider context of merchant acceptance and card payments. With the aid of real-life case studies, it explains various acquirer risks, including operational, acceptance, credit, fraud and third-party risks. Students will learn how to calculate financial exposure. And how to manage risk at both the on-boarding stage and with appropriate monitoring during the merchant relationship to maximise profitability.
‘Fundamentals of Card Risk’ is suitable for those who are new to an acquirer risk management department. Or new to your business and need a good grounding in the fundamentals.
- Understand the basics of merchant acceptance and card payments
- Comprehend merchant-related risks and how to calculate financial exposure
- Understand how acquire high-risk merchants profitably
- Be able to devise policies and procedures to manage risk exposure
- Gain an overview of risk management tools currently available