Risk Management (F)

The Risk Management page allows you to review risk factors for merchants and transactions. Merchants and transactions submitted to Payrix are analyzed for risk mitigation before approval, and non-compliant submissions (based on standards set by Payrix or it’s Partners) trigger alerts that cause the merchant or transaction to be held pending approval. Note that held merchants will be unable to access portal functions, and held transactions will not be processed. To remove the hold from either type, you must approve them on the Risk Management page.

On the Risk Management page, you can view a downloadable list of held merchants or transactions, access details about their risk factors, and approve or reject them.

Tip: For more information on risk management, view the Using the Risk Management page.

Navigate to the Risk Management page by clicking Risk in the Admin category of the left-hand navigation panel.

 

Risk Management Features

The Risk Management page is divided into two tabs, Merchants and Transactions. Both tabs contain a list of held merchants/transactions and include action buttons and search functions to help determine risk factors and acceptability.

Merchants Tab

The Merchants tab contains a table of merchants that are held for risk factors, and reaction buttons to categorize merchants based on their status. The table includes the following information in the default view:

Merchants Risk Table Column Name

Description

Merchants Risk Table Column Name

Description

Reason

The reason that the merchant account was flagged as a potential risk.

Name

The name of the merchant.

Created

The date that the account was created.

Amount

The dollar amount associated with the merchant account.

Status

The status of the risk alert: Open, Reviewed, Approved, Blocked.

Disputes

Any disputes associated with the merchant account.

Flagged

The date that the risk alert was created.

Merchants Tab Actions

The Merchants tab supports the following actions: change status, batch actions, change view, and access more information.

To change the status of a merchant, click the THREE DOTS icon on the right side of the table. Select from the following:

  • Reviewed: You have reviewed the merchant, but have not released the hold on the account.

  • Approved: You have reviewed the merchant and released the hold.

  • Blocked: You have reviewed the merchant and blocked them from further access to Payrix.

To perform batch actions, click the CHECK BOX icon on the right side of the table to select multiple merchants, then click the BATCH ACTIONS button at the top of the table. You can select from the following actions: Mark as Reviewed, Approve, or Block Merchant.

To view a subset of merchants by status, click the status buttons at the top left hand side of the table. Choose from Open, Reviewed, Approved, Blocked, or Post Review Only.

To access more information about a merchant, click on any information in the row to open the Merchant Profile page.

Transactions Tab

The Transactions tab contains a table of your merchants' transactions that are held for risk factors, and reaction buttons to categorize flagged transactions based on their status. The table includes the following information in the default view:

Transactions Risk Table Column Name

Description

Transactions Risk Table Column Name

Description

Reason

The reason that the transaction was flagged as a potential risk.

Risk Score

The transaction risk score, which is calculated as the sum of individual risk weights. For more information visit the Transaction Risk Score page.

Total

The total dollar amount of the transaction.

Created

The date that the transaction was created.

Cardholder Name

The name of the card holder associated with the transaction customer.

Name

The name of the Merchant that processed the transaction.

Flagged

The date that the transaction was flagged as a potential risk.

Transactions Tab Actions

The Transactions tab supports the following actions: change status, batch actions, change view, and access more information.

To change the status of a transaction, click the THREE DOTS icon on the right side of the table. Select from the following:

  • Send to Reserve: Funds for the transaction are sent to a reserve balance for the merchant, either as a percentage of the total amount of the transaction. The reserve funds will be released at a later date following Risk monitoring.

  • Approve: Approve the transaction and release any held amounts from reserve.

  • Mark as Reviewed: Indicate that you have reviewed the transaction but have not released it from being held.

To perform batch actions, click the CHECK BOX icon on the right side of the table to select the merchants, then click the BATCH ACTIONS button at the top of the table. You can select from the following actions: Send to Reserve, Approve, Mark as Reviewed, or Void Transaction.

To view a subset of transactions by status, click the status buttons at the top left-hand side of the table. Choose from Open, Reviewed, Approved, or Blocked.

To access more information about a transaction and its risks, click on any information in the row to open the Risk Management Details page.

Change Requests Tab

The Change Requests tab supports the following actions: batch actions, approve or decline bank account change requests, and access more information.

Change Requests Table Column Name

Description

Change Requests Table Column Name

Description

User

User who is making the Change Request.

Merchant

Merchant associated to the Login (User) making the request.

Division

Division associated to the Login (User) of the request.

Days Boarded

Boarded Date - Created Date for Merchant associated changes only

Fields

All bank account fields either added or modified at the time of the Change Request

New Value

Values that are being requested (to find the old values, you need to go to the merchant profile page. If the Old account was deleted it will not be visible in the UI)

Analyst

The Risk Analyst currently reviewing or interacting

Change Date

Date the Change Request was Created

To perform batch actions, click the CHECK BOX icon on the right side of the table to select the change requests, then click the BATCH ACTIONS button at the top of the table.

To approve or decline an account change request, click the THREE DOTS icon on the right side of the table for the listed change request. Select from the following:

  • Approve: Approves a change request, and leaves an optional note attached to the account change.

  • Decline: Denies a change request and requires a “decline reason” to be selected followed by a text box presented below the “decline reason” to allow further information to be sent to the customer. Below is a list of potential decline reasons.

Decline Reason

Description

Decline Reason

Description

Unable to Validate

The information received does not allow analysts to validate the change.

No Response

The request cannot be processed because no response was received.

Invalid Document

The document provided is not sufficient.

Unable to Read

We are unable to read the document provided.

Expired Document

The document provided is expired.

Other

A unique decline scenrio, detailed by Risk Analyst here.

To view a subset of change requests by status, click the status buttons at the top left-hand side of the table. Choose from Manual Review, Reviewed, Approved, Declined

To access more information about a transaction and its risks, click on any information in the row to open the Risk Management Details page.

Customize Your Merchants and Transactions Risk Alerts Tables

You can customize your view using the options found at the top of the table. View the Table Search and Sort Instructions for instructions on customizing, sorting, or searching tables.

Expand the section below to view a complete list of the data that you can display on the Merchant Tab table:

Risk Data

  • Flagged

Entity Data

  • Entity ID

  • Login ID

  • Division Name

  • Parameters ID

  • Type

  • Name

  • Address

  • City

  • State

  • Zip

  • Country

  • Phone

  • Fax

  • Email

  • Website

  • EIN

  • Currency

  • Status

  • Custom

  • T&C

  • Version T&C

  • Date

  • TIN

  • Status

Merchant Data

  • Merchant ID

  • DBA - Statement Descriptor

  • MCC

  • Date Created

  • Created by

  • ID

  • Date Modified

  • Modified By

  • Date Boarded

  • Last Transaction Date

  • Date Established

  • Annual Card Sales

  • Boarding Status

  • Amex Status

  • Discover Status

  • Status

Expand the section below to view a complete list of the data that you can display on the Transactions Tab table:

Risk Data

  • Flagged

Transaction Data

  • TXN ID

  • Date Created

  • Created by

  • Date Modified

  • Modified By

  • Subscription Type

  • Currency

  • Platform

  • Captured

  • Description

  • Tax

  • Total

  • Status

  • Approved

  • Card

  • Refunded

  • Referrer

Entity Data

  • Entity ID

  • Login ID

  • Parameters ID

  • Type

  • Name

  • Address

  • City

  • State

  • Zip

  • Country

  • Phone

  • Fax

  • Email

  • Website

  • EIN

  • Currency

  • Status

  • Custom

Merchant Data

  • Merchant ID

  • DBA - Statement Descriptor

  • MCC

  • Date Created

  • Created by

  • Date Modified

  • Modified By

  • Date Boarded

  • Last Transaction Date

  • Date Established

  • Status

Customer Data

  • Name

  • Address

  • City

  • Zip

  • State

  • Country

  • Phone

  • Email

Related pages

Click the links or items in the page to access any of the following pages: