Assessed risks
The payment company analyzed all possible risks associated with conducting transactions and accepting payments. This could include risks of fraud, non-compliance with laws and regulatory requirements, technical failures, etc.
Created an action plan
Developed an action plan in case of risk occurrence. This could include the development of procedures, scenarios, and instructions to be used in the event of risk detection.
Evaluated effectiveness
Continuously evaluated the effectiveness of risk management measures and adjusted the strategy as necessary. This helped the company maintain a high level of security when conducting payments and transactions.
Developed a risk management strategy
The payment company analyzed all possible risks associated with conducting transactions and accepting payments. This could include risks of fraud, non-compliance with laws and regulatory requirements, technical failures, etc.The payment company analyzed all possible risks associated with conducting transactions and accepting payments.
Appointed responsible parties for risk management
The payment company analyzed all possible risks associated with conducting transactions and accepting payments. This could include risks of fraud, non-compliance with laws and regulatory requirements, technical failures, etc.
