Integrity Bankcard Consultants, Inc.

Welcome

In the United States today, credit and debit card fraud are billion-dollar problems affecting banks, merchants, and individual consumers. Furthermore, chargebacks cost acquirers and merchants hundreds of millions of dollars each year. A single scam or losses from just one merchant can cost an acquirer millions of dollars. One ISO sales agent, who submitted high-risk telemarketing companies for merchant approval, caused a bank to be closed by the OCC when about $13 million in chargebacks from its merchant portfolio virtually wiped out the bank's capital.

The message to acquirers is clear and unmistakable. Loss reduction awareness must be incorporated into every aspect of the merchant relationship and business processes. Loss prevention must be a central concern in portfolio development policies, profitability analysis, underwriting standards and processes, merchant agreements, merchant risk monitoring and ongoing merchant education. A commitment to consistent and rigorous implementation of loss reduction policies must be instituted and communicated throughout the entire organization.

Integrity Bankcard Consultants, Inc. is a leading provider of strategy, management and operational consulting services to the bankcard industry. Integrity Bankcard Consultants, Inc. serves acquirers, whether member banks, ISO's, insurance companies or other entities, that are responsible for losses due to chargebacks or fraud.

Experience

At Integrity Bankcard Consultants, Inc. we only employ personnel experienced in bankcard security, chargebacks and underwriting functions. Furthermore, we are experienced in the minimization, recovery and collection of losses. We also have had numerous individuals prosecuted for bankcard fraud that has lead to the further recovery of losses.