Despite various approaches that some acquirers take to try and engage with businesses when it comes to compliance programs, some merchants simply do not engage. The traditional approach of driving compliance via non-compliance fees unfortunately doesn’t always produce results and can also lead to a negative association with the brand of the acquirer in the eyes […]
At Sysnet we believe that the industry should take a different direction. Replace the non-compliance fee with compliance and security value-added services. By doing so, it will make compliance and security services easier to consume for businesses. Whiles for organisations, they can achieve their objectives of reducing risk without damaging customer relationships. In the […]
Non-compliance fees are viewed by many as an acceptable short-term solution to a merchant’s unwillingness to engage with a compliance program. However, often despite the best efforts by acquirers, some merchants continue to remain disengaged. So when a merchant ignores notifications regarding their non-compliance status and the application of non-compliance fees, it may be […]
