MRC Advocacy Update November 2024
In this MRC advocacy update, MRC's Keith Briscoe and Peter Bayley share key initiatives that the MRC is driving to support members amid changing global payment regulations. They outline MRC’s balanced approach to advocacy, informed by member feedback and collaboration with stakeholders, including card networks, acquirers, and regulators. Current priorities include Visa’s new fraud monitoring program and Mastercard’s First Party Trust, both designed to manage fraud risks across the payment ecosystem. They also touch on MRC’s international efforts in regions like Australia, Japan, and Brazil, where regulatory changes around 3D Secure and tokenization are underway. MRC is actively engaging members through upcoming conferences, advocacy panels, and roundtables to gather input, stay ahead of regulatory shifts, and support a cohesive, merchant-focused advocacy strategy.
