Expertise Sectoral & regulatory watch

Thursday

January

2013

Regulatory obligations of payment networks: how to be ahead of the game?

Provision of prioritised and comprehensive information on all developments in card scheme regulations, and in particular those that may lead to customer blockages or financial penalties for non-compliance.

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Challenge

Member institutions of the international schemes delegate to us the analysis and synthesis of the regulatory developments published by the Visa and Mastercard schemes over time.

On the basis of our monthly publication, they are able to break down within their organisation how these developments and obligations are taken into account, whether from a marketing, pricing, operational process or information systems point of view.

The perfect match

Some twenty expert consultants at your service

An in-depth analysis of the regulatory documentation

And concretely?

reports per card scheme each year

600

summary sheets produced per year

meetings per year with all member institutions

Our methodology

An organisation based on a team of consultants guaranteeing to maintain a constant level of quality in the analysis, whatever the number of records, throughout the year.

Analysis of the regulatory documentation produced by the Visa and Mastercard schemes

Comprehensive analysis of all regulatory documentation produced by the Mastercard and Visa payment networks on a monthly basis.

Identification of activities to involve

Qualification of obligations (major/medium/minor/no impact) and identification of activities (marketing, distribution, IT, ...) to be involved in the implementation of the obligation.

Documentation of regulatory impacts

Drafting of a one-page hierarchical summary sheet in French for each network publication.

Maintaining an implementation schedule

Update of the 18-month rolling calendar which lists the dates of application of each new rule.

Crossed views

Writing newsletters based on the schemes' publications is a very rewarding synthesis exercise. It allows you to acquire a general knowledge of how the schemes work, while encouraging exchanges with other consultants.

Antoine Loret

Manager | Oaklen Consulting

Schemes publish a huge amount of information, making it tedious and time-consuming to read. By synthesising and qualifying these publications for our clients, we ensure that they do not miss any essential information.

Adrien Sfeir

Partner | Oaklen Consulting

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