We have designed and implemented numerous risk management and mitigation programs for merchants, acquirer processors and payments clients.
Areas of Focus
Settlement risk, network management and fraud monitoring
Prepaid card issuance and acquisition strategy, BIN sponsorship and management support
Certified Visa GARS, PIRP assessment and merchant review vendor
Design and documentation of policies/procedures to ensure network and regulatory compliance
Case Studies
CLIENT
Major US retailer
CLIENT CHALLENGE
Reduce customer fraud
GVGROUP Solutions
Identified and developed a risk management program and tactics to manage customer fraud
RESULTS
Significantly reduced fraud and increased revenue by implementing enhanced authorization tools and techniques
Hired to conduct RFP for new transaction processor relationship
CLIENT
Major payment network
CLIENT CHALLENGE
Reduce settlement risk for network
GVGROUP Solutions
Developed multi-dimensional evaluation tool
Analyzed strategies for pooling risk and collateral
RESULTS
Recommended approach resulted in projected cost savings of $35 million without incurring additional systemic risk
CLIENT
Large U.S.-based credit card issuer
CLIENT CHALLENGE
Improve skip tracing effectiveness in collections cycle
GVGROUP Solutions
Analyzed issuer processes and recommended an enhanced program
RESULTS
30% lift in right party contact rates
CLIENT
Major payment network
CLIENT CHALLENGE
Enhance network risk management capabilities and service offerings to issuers, acquirers and merchants
GVGROUP Solutions
Mapped current network product offerings against market requirements
RESULTS
Developed strategy for risk management services offering to enhance and differentiate from payment network competitors
CLIENT
Major payment network
CLIENT CHALLENGE
Assess incidence and impact of cross border fraud on issuer profitability
GVGROUP Solutions
Analyzed and quantified types and incidence of cross border fraud across high fraud countries by payment card product
RESULTS
Developed a fraud assessment tool to optimize revenue and fraud loss performance via early warning indicators
Identified cross border fraud concentrations