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Bringing a Global Perspective to Payments and Fraud in Asia-Pacific with MRC Singapore 2022

The Merchant Risk Council (MRC) is hosting its first flagship conference in APAC, focused on highlighting the unique eCommerce landscape of the region.

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Congratulations to MRC’s Newest Global Board Directors!

After a close election from a talented pool of qualified candidates chosen by merchant member votes, the MRC is proud to announce the appointment of our newest Global Board Directors as of today, 1 July 2022.

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The MRC Partners with CEPOL and Other Law Enforcement Agencies to Make eCommerce Safer

The MRC has partnered with law enforcement agencies from all over the world for the last two decades and will continue to do so going forward. Most recently, the MRC worked with CEPOL, the law enforcement (LE) training leg of the European Commission, to further educate the agency on modern fraud mitigation practices.

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Increased Risk of Russian Cyber Attacks for Merchants

The White House issued a warning that Russia could be planning to launch cyber attacks against critical U.S. infrastructure and the private sector.

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The White House and Digital Assets – A First Look at the Executive Order

On March 9, The White House released its highly anticipated Executive Order on Ensuring Responsible Development of Digital Assets which laid out the Administration’s plans to study, regulate and potentially issue cryptocurrency through the central bank.

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New Consumer Subscription Contract Rules Introduced in Germany

The Fair Consumers Contract Act was issued in Germany in August 2021 and became effective in October 2021. The new payments regulations will impact subscription-based business models in particular, including gaming, streaming and other providers of digital content. Those impacted have a transition period available, with the required changes coming into force over different dates in 2022.

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An Update on MRC Advocacy in India

The MRC has heard from organizations in India about the lack of preparedness in the region’s payments ecosystem for these regulations. The consumer impact is negative, and merchants are scrambling desperately to find a work-around.

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MRC Advocacy Update - Voice of the Merchant

The MRC is working on many initiatives to ensure the Voice of the Merchant is represented and heard in industry discussions. We are proud to support you and have outlined some of our recent endeavours, so you are aware of our advocacy efforts and continue to engage with us.

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MRC and Auriemma Roundtables Host Merchant Issuer Collaboration Session

The MRC and Auriemma Roundtables recently hosted a collaborative session focused on the adoption and effectiveness of 3D Secure authentication and the growing challenge of first-party fraud and misuse. This session brought together card issuers and merchants to discuss differing stakeholders’ perspectives on ongoing challenges.

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Newly Appointed Fraud Prevention and Payments Industry Visionaries Expand MRC Mission

The MRC recently strengthened its governance structure by electing Trevor Nies, Senior Director of eCommerce Payments, Risk Operations, and Analytics at Microsoft, as Chair of the MRC Global Board of Directors and hiring industry veteran Julie Fergerson as MRC CEO.

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