Liable Services Ltd was found in 2017. The company is an online solution that provides internet merchants with easy access to all major credit cards payment systems. With advanced understanding of today's e-Commerce requirements, they recognize the importance of nurturing affiliates, adnetworks, and publishers.

Liable Services Ltd was formed by leading professionals in the banking, underwriting and credit card processing industry who saw the need to support the fast paced and competitive internet world. Their experience in the Internet Merchant Account business have given them the unique ability to understand each and every merchant’s distinctive needs and to quickly implement the correct strategy in order to guarantee continued success and long term profits.

The reason and the objective of their incorporation: Drive and facilitate the Internet Merchants to reach a global audience and increase their bottom line. As a group, they understand the Internet is maturing into a competitive market.

As more competition enters the marketplace the need to support those intelligent merchants who strive to carve a niche becomes more acute and we maintain their edge against competition while maintaining security. Main Target remains in the EU whilst Liable Services Ltd is attempting other key markets as the US or Asia Pacific.

Risk and Security procedures

Liable Services Ltd provides a merchant risk assessment in several steps to assure the quality of each of the merchants. Prior to the acceptance of a merchant, the following standard procedures will be performed:

a) Pre Risk Procedures

• Merchant Application Form
  
  The merchant application form as the central pre risk tool will be submitted to the merchant by Liable Services Ltd. This form has to be completed by the merchant in order to collect all risk related information. In addition to merchant application data Liable Services Ltd collects company paperwork (e.g. certificate of incorporation, MAA, company’s utility bill, declaration letter etc.) for KYC purposes from the merchant.
  
  
• URL Check
  For each new merchant the risk department of Liable Services Ltd runs a risk assessment of all processing URLs. Hereunto a member of the risk department fills
  out the URL check journal of Liable Services Ltd, which is asking for the essential point of possible risk:
  1. Structure of the URL
  2. Policies
  3. Shipping
  4. Legality
  5. Support
  6. Location of operation
  7. Business type
  
  
• Internet Search
  In addition to these standard checks Liable Services Ltd performs background investigations on the company name, the director, the shareholder and bulletin board remarks at search engines.

Liable Services Ltd is connecting Merchants to PCI Level 1 compliant Payment Service Provider, which are offering among secure online payment platforms, the following risk and security services:

b) Processing Controlling

An arriving transaction needs to pass the following secure systems to be forwarded to the acquiring bank:

Advanced Protection
Cybersource Advanced Fraud Protection System in real-time. Cybersource Advance Fraud Screen enhanced by Visa (AFS) provides fraud risk prediction scores by assessing over 150 order variables such as domestic and international address validation, domestic and international IP address verification, and order velocity.

Filter Systems
local and global filter which are constantly activated. Global filter working for each transaction within the whole system; local filter just working for a single merchant account.

Blacklists
Appearing fraud issues will be stored at a separate fraud data base; and stored on a global blacklist.

Merchant Trend Analysis
The PSPs Risk team checks and informs their clients frequently how they are able to improve their service and avoid amiss processing results.

c) Post Risk Procedure

To guarantee the processing quality the PSP has developed “post check procedures” on the assets side. This quality management will proceed in the following steps:

Test Purchases
Transaction review
Active chargeback/fraud monitoring and management

Liable Services offers its customers products and services concerning online electronic payments. Credit and debit cards have become indispensable for online retail. On the other hand, the number of offences concerning credit card fraud and the damage due to default is increasing worldwide. The acceptance of credit cards is thus only feasible in connection with effective risk management. There are also the high requirements in efficiency, data security and availability of the systems to consider.

As a network of integrated concepts for electronic payments, we offer full service of the highest standard, also in credit card processing. Our partners cooperate with all credit card organizations worldwide, as well as numerous acquirers. We offer merchants from around the globe efficient access via a standardized interface to systems that are notable for its payment processing and extensive fraud protection. Those platforms are based on the latest security technologies, fulfills all requirements imposed by the credit card organizations including PCI certification, and supports the processing of additional industry-specific data from the financial, digital, airline, hotel and car leasing industries. Our international solutions covers over 90 payment and risk management solutions, which enable the outsourcing of all financial processes: from processing of electronic payments to transaction and customer verification to support services concerning call center and email management. More info button: Please connect to services button Liable Services offers its customers products and services concerning online electronic payments. Credit and debit cards have become indispensable for online retail. On the other hand, the number of offences concerning credit card fraud and the damage due to default is increasing worldwide. The acceptance of credit cards is thus only feasible in connection with effective risk management. There are also the high requirements in efficiency, data security and availability of the systems to consider.

We offer full service of the highest standard, also in credit card processing. Our partners cooperate with all credit card organizations worldwide, as well as numerous acquirers. We offer merchants from around the globe efficient access via a standardized interface to systems that are notable for its payment processing and extensive fraud protection. Those platforms are based on the latest security technologies, fulfills all requirements imposed by the credit card organizations including PCI certification, and supports the processing of additional industry-specific data from the financial, digital, airline, hotel and car leasing industries. Our international solutions covers over 90 payment and risk management solutions, which enable the outsourcing of all financial processes: from processing of electronic payments to transaction and customer verification to support services concerning call center and email management. We are providing solutions for smooth processing of card-based payments in retail.

Key benefits:

• Use of all important credit and debit cards
• Effective risk management concepts
• Secure data transmission and processing
• Low processing costs
• Highest availability – also during peak periods
• All current payment methods 
• All important currencies 
• Highest security standards 
• Smooth systems integration 
• Cost-effective outsourcing 

Electronic payments are what makes business via the Internet or call centers possible in the first place. At the same time it provides significant challenges. Payment alternatives, currencies, time zones, systems integration, data security and fraud are essential key words. Depending on the merchants’ business models and target markets, we offer individual solutions for the entire process of their electronic payments. This includes the integration of the respective key national and international payment options as much as an effective safeguard against default. Our payment solutions convince with high reliability, efficiency and transparency. Furthermore, they can all be integrated into existing IT structures and business processes with ease.

Payment Solutions Gateways Integration Liable Services is also serving as IT expert and can assist the merchants with the integration of the various payment solutions provider/s. Our dedicated IT team which has vast experience in payment solutions integration can assist and integrate the desired payment solutions to the merchant website and systems.

Liable Services Ltd collects all necessary company paperwork for KYC purposes from its merchants:Company documentation:

1. Certificate of Incorporation (not older than 12 months)

2. Incorporation Documents showing directors & stakeholders and beneficial (real)owners (Memorandum of Association, Articles of Association)

3. 6 months Processing History (details of previous relationship with Acquirer, Sales Volume, CBs, Frauds)

4. Financial Statements (Profit and Loss Accounts, Balance Sheets and Cash Flow Statements)

5. Bank Reference Letter (not older than 12 months)

6. Proof of address – Utility Bill (not older than 3 months)

7. PCI DSS Compliance Status and Report

KYC documentation of each director, shareholder, beneficial owner:

1. CV

2. Copy of valid Passport

3. Bank Reference Letter

4. Proof of address – Utility Bill

Business line specification

1. Selection of Merchants for preferable business lines

2. Gaming / Trading licenses if applicable

3. Website listing

4. Website check documentation.