With the October 1st compliance deadline for the new Visa Acquirer Monitoring Program (VAMP) approaching, Chargeblast is stepping up. The fintech firm is providing free VAMP ratio analysis to help merchants who might face compliance exposure due to the merging of fraud and dispute metrics. This initiative is crucial as VAMP could potentially put previously safe merchants at risk.
The introduction of VAMP, combining fraud and dispute metrics, marks a significant shift in compliance measurement. In the past, merchants with a solid track record in either fraud or disputes could use their strong performance in one area to compensate for weaknesses in the other. However, with VAMP, this is no longer possible.
By offering free VAMP ratio analysis, Chargeblast provides a valuable service for merchants. This analysis aids businesses in understanding their potential compliance exposure and allows them to make necessary adjustments to stay within the acceptable range. Consequently, Chargeblast‘s move is not only beneficial for the merchants but also a strategic business decision.
Impact of VAMP on Merchants
The new VAMP rules could affect numerous merchants previously deemed safe. The merging of fraud and dispute metrics implies that weaknesses in one area could lower a merchant’s overall compliance score. This could potentially result in sanctions or fines for businesses failing to meet the new standards.
In providing a free VAMP ratio analysis, Chargeblast equips merchants with a critical tool to navigate this new landscape. This analysis offers an in-depth view of a merchant’s compliance status, helping to identify any potential red flags. Moreover, this service helps merchants understand the new VAMP rules’ impact on their business operations.
As the October 1st deadline for VAMP compliance approaches, merchants can utilize Chargeblast‘s offer to prepare. By understanding their VAMP ratio, businesses can proactively address any potential compliance issues. In conclusion, Chargeblast‘s initiative offers much-needed support to merchants during this significant regulatory change.
