Financial Statements
Financial statements are in a different currency. How do you input the figures to obtain a Moody's rating?
Figure must be converted to Canadian dollars to generate a Moody's rating.
How do we identify ISO's? (Braintree, Sterling Card, ATB)
Market Segment on OMS order will show:
Braintree
MCA
ATB
How is the CE calculated for Gift card quantity is over 5,000?
Gift card calculator.
What is the difference between a High Risk and Regular Merchant
High risk merchant represent greater risk to Moneris as they typically have high FD, CB or RF rates and Fraud associated with them.
What is the minimum LOA for a Collateral or Decline recommendation?
Manager.
What type of FS are required for CE over $250,000?
Audited or Reviewed.
Do we call ISO merchants?
No. Only in rare situations.
What is the LOA for gift card limits?
Up to $500 Analysts
> $500 and equal to $1000: TL
Over $1000: Manager
Remember to be mindful of the total CE for the mn as this may change the LOA.
Home based
Furniture Store
Contractor
When is a signed USD CAF required?
For all USD orders.
Can we map MRR to bcn score if CE is over $100,000?
No. MRR must be mapped to Financial Statements or Default to a D if none available.
What is the process for High risk ATB merchants missing requirements?
Email ATB and ask for requirements or an exception. Remember to ask for an exception for everything that Moneris would normally require.
What is a gift card reorder?
When a merchant was previous approved for the same quantity or less with same load limit.
Why is a home based computer services business is prohibited?
Services are outsourced to a call center and operate 24/7 so owner is not involved in providing the services.
The owner usually does not have any experience in the business sector and no reasonable presence for the business providing the services.
Remote services create more problems so they can charge you more and get access to your online info.
What is the difference between G5 and G10 merchants?
When are Financial Statements or BRR required for mapping?
1. If CE is over $100,000.
2. When CP annual volumes are over $5million for non high risk merchants.
3. When high risk merchants have CP annual volumes are over $2,500,000 and CNP annual volumes are over $750,000
4. When personal credit report has been refused?
What is PAYSAFE?
An ISO which submitted mainly ecommerce orders for adult or dating websites. Something that Moneris does not want to do directly.
What gift cards orders qualify for app2?
1. Reorders/Refill
2. Quantity less than 5000 and Load limit of $500 or less.
How do you know if you have the final Cannabis license?
Read it. If there are clauses / conditions then it is not the final license. Exceptions are Ontario where the CRSA needs a final inspection however they are showing approved on the Ontario Cannabis website.
Process for high RF and high CB rates on existing processing.
High RF email Fraud for clearance
High CB email Collections for clearance.
How do you calculate future delivery using deferred revenue from the Financial Statements?
Deferred Revenue/Total Revenue x 365
Does Braintree orders require a full write up?
No. Mitigation memo is placed on the order as follows and no Order memo is needed:
What is an E Gift card order?
E Gift is an order only for Gift Cards sold by ecommerce. Card plans are input only to submit the account so these Card plan volumes are set to 0. The account is only used for processing online gift cards. The CE will be calculated like all other gift cards.
How are merchants selling CBD treated?
As Cannabis merchants.
Any merchant selling products with THC or CBD falls under the Cannabis Standard.
What is a Legal name change order?
Mn is only changing their legal name and nothing else. No adjuducation is needed as long as you have LOA. Requirements are Business reg for new entity and signed A&A agreement.