ETA Expert Insights: Risk Monitoring, Oversight and AI

The latest roundtable discussion with ETA’s Payment Facilitator Committee focused on how risk monitoring, oversight, and artificial intelligence (AI) affect the payment facilitator channel. The discussion was led by Terry Monteith of BlueSnap and Tobias Schweiger of Hawk:AI provided participants with the following key takeaways.

Interested in joining the committee? Over the past year, we’ve also worked to harness the collective expertise of ETA and its members through our committees to help navigate industry-wide opportunities and challenges. In conjunction with ETA’s Risk, Fraud, and Security Committee, for example, the fourth edition of the ETA Guidelines on Merchant and ISO Underwriting and Risk Monitoring was released to help our members mitigate risk in U.S. card acceptance; the revised document includes updates related to COVID, e-commerce, privacy, and the FinCEN Beneficial Ownership Customer Due Diligence program. We are further expanding the work of our committees, providing forums to network and share best practices, and to demonstrate your organization’s thought leadership.

ETA Industry Affairs Committee applications are now open for the 2021 calendar year. Apply here.