Merchant Risk Council, Inc
Budget
€100 — €0
EP Access
0
accredited persons
Staff
3
0.45 FTE
EU Grants
None
Mission & Goals
Merchant Risk Council is a not for profit membership association for eCommerce and Fraud payment professional. We work with merchants and solutions providers globally to collaborate, education and network on issues related to eCommerce payment transactions and fraud prevention surrounding these transactions. We work with merchants, card schemes, banks, issuers, acquirers, law enforcement and other industry partners to help prevent fraud and have a more efficient eCommerce experience for our members. We collaborate with regulators globally to help share the impact a proposed regulation or change in existing regulation has on all parties in the ecosystem. We provide the Voice of the Merchant to the table with international card payment schemes, payment regulators, payment policy and standards bodies. We facilitate discussion between payment industry players and partners to help make the eCommerce ecosystem and safe and profitable environment for retailers and consumers.
EU Legislative Interests
All policies and proposals on payments, payment fraud prevention, risk management, security in eCommerce. Currently participating in commenting on regulations surrounding PSD3 as it relates to eCommerce transactions and authentication.
Communication Activities
Advocacy: MRC Merchant-Issuer Executive Committee, meets to discuss topics such as payments regulation and provide support and advice to merchants and issuers in Europe on complying with PSD2 SCA regulation. Other topics include card scheme rules that impact merchants and consumers, Friendly/ First party misuse fraud (redefining and resolving). MRC Community: Community Forum - separate groups covering different sectors and areas of payments including fraud, payments, risk and affinity groups such as Gaming Safety Alliance, Luxury Goods Sector Group, Subscriptions, Ticketing, etc. where representatives in the payments industry gather to discuss payments and fraud prevention topics. People join the communities to learn from, share with, develop, help and support others in the industry. eLearning: MRC learning portal. Open to MRC members and non-members, providing certified training courses on Fraud, Payments and Chargebacks. Certified Payment and Fraud Prevention Professional (CPFPP): Certification for professionals in the industry Conferences, Summits, Connects Events: MRC runs multiple conferences and Summits each year and including deep dive events on topics such as PSD2, SCA, Data Sciences, Authentication, Tokenization, Chargebacks, etc. Here, attendees can learn from experts and network with peers. The Connects events provide some relevant content but mainly a networking opportunity for payments industry peers. Webinars: The MRC Wednesday Webinar program, provides a learning opportunity for people in the payments industry on all payments, fraud and risk related topics, such as Machine Learning, Regulation, Authentication, etc. Resource Center: MRC provides to its members a vast resource center including white papers, case studies, presentations, content on all things relating to payments, and fraud prevention. Mentor Program: The MRC Mentor Program provides for individuals in the payments industry to mentor those in need and for mentees to learn from experts in the field. Slack Channel on EMV 3DS/ SCA: An MRC slack channel for merchants and issuers, to facilitate working in real-time to debug SCA-compliant transactions that fail for an unknown reason. The channel allows participants to learn from case studies, live cases and to share information on things such as the variety of authentication methods used in EU countries so merchants can anticipate the customer experience and any challenges from card issuers, when transacting in the browser on in-app in EU countries.
Interests Represented
Promotes their own interests or the collective interests of their members
Member Of
N/A
Organisation Members
https://merchantriskcouncil.org/about-mrc/member-companies
Commissioner Meetings
No recorded meetings with EU commissioners.