The MRC is a 501(c)6 non-profit professional membership organization incorporated in New York but based in Seattle, Washington. The MRC was granted its 501(c)6 status by the IRS in 2002. It is the principal not-for-profit, global forum for eCommerce fraud and payments professionals. The MRC is not a 501(c)3, so neither you nor your company are able to receive a tax deduction for a donation to the MRC.
In 2015 the MRC established a wholly owned subsidiary in Dublin, Ireland to coordinate its European operations.
The MRC has three advisory boards: the Americas Advisory Board (AAB), the European Advisory Board (EAB), and the APAC Advisory Board (APAC AB). Advisory boards generally have up to sixteen Advisors, and half of those must be merchants.
MRC Organizational Structure
The MRC has a Global Board of Directors (GB) which ensures the MRC operates ethically and legally. Individuals on that body act as "trustees" of the public for the MRC actions.
The MRC is run by a CEO who is managed by the GB. The CEO manages the day-to-day operations and, when appropriate, seeks input from the GB, and Advisory Boards. The CEO is ultimately responsible for meeting strategic goals and managing MRC staff.
The MRC has all the required financial reporting systems in place and has functioning financial overview from the MRC Finance Committee. The MRC has an annual audit. The Company's fiscal year runs from July 1 - June 30, which is in-line with board terms.
The MRC carries the necessary and appropriate insurance, including Directors and Officers liability insurance, and haspersonnel policies and financial controls in place.
The MRC has a Board Conflict of Interest Policy which all Directors and Advisors are required to complete.
AAB/EAB/APAC AB Roles and Responsibilities
As an MRC Advisory Board member, you are a volunteer. Members of the MRC Advisory Boards input on all MRC programs and operations in their respective regions (North America, Europe, and Asia Pacific) and are considered guides for the MRC organization. MRC Advisors are vital to the MRC for their connections, network, experience, and industry expertise.
The MRC Advisory Boards facilitate learning, connecting, and contribution. If the MRC is successful in its recruitment, orientation, and management of the Advisory Boards, you will not only achieve satisfaction from advancing the MRC mission, but will also grow professionally.
MRC Advisory Boards meet bi-monthly (6 times per year). Meetings are mainly held Online with at least one in-person meeting held in a central location to the related Advisory Board.
MRC Advisors are encouraged to participate in at least one other MRC Committee and to include colleagues in their company in MRC programs or committees.
Advisors will spend up to five hours per month on MRC matters such as attending working groups, task forces, etc.
Advisors are asked to attend the flagship MRC conferences in their region (generally twice per year in North America and Europe, once per year in Asia-Pacific).
Both Merchant and Solution Provider Advisors are encouraged to recruit merchants to join the MRC.
Advisors are expected to define program goals and performance indicators for their respective region in conjunction with the Global Board of Directors plans for each fiscal year.