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Visa’s New VAMP Rules Will Cost You—Here’s Why You Should Be Worried
Visa is charging merchants per transaction for fraud and chargebacks.
Visa is tightening its grip, and businesses that don’t take action now will pay for it—literally. Visa is no longer just flagging high-risk merchants—it is charging them per transaction.
If a customer disputes a charge, even fraudulently, it counts against you. If your dispute rate crosses Visa’s limits, you pay penalties on every transaction, and winning a chargeback later won’t refund the fines.
Acquirers won’t take the risk and will start cutting off high-risk businesses. This is not just a cost issue—it’s a threat to your entire business.
Read my article for more information: https://www.linkedin.com/pulse/visas-new-vamp-rules-cost-youheres-why-you-should-worried-soltesz-euhdf
Why hiring a full-time Head of Payment might be an expensive mistake
Full-time employees often spend most of their time on basic tasks like data entry, despite being paid high salaries for their specialized skills. Not using a resource efficiency is a common operational mistake, which can demotivate staff and lead to quittings.
A more efficient approach is hiring a professional consultant for high-level tasks and a lower-level employee for routine work. For medium-sized companies, high-level payment management usually requires only 15-30 hours per month. Full-time employees may lack exposure to the latest industry trends and standards, which a consultant can provide.
Engaging a payment and banking consultant, especially for specific projects, provides access to specialized skills without long-term costs, making it a strategic and economical choice for companies.
Consultants offer flexibility and cost-effectiveness, operating on a project-specific basis. This allows companies to pay for expertise only when needed, reducing long-term financial commitments. They also bring extensive experience and valuable industry insights, helping avoid costly mistakes.
Read more: https://www.linkedin.com/pulse/why-hiring-full-time-head-payment-might-expensive-mistake-soltesz-q3abf/?trackingId=%2Fz2ZhLwCRwCe8IrryBCCwA%3D%3D
Full-time employees often spend most of their time on basic tasks like data entry, despite being paid high salaries for their specialized skills. Not using a resource efficiency is a common operational mistake, which can demotivate staff and lead to quittings.
A more efficient approach is hiring a professional consultant for high-level tasks and a lower-level employee for routine work. For medium-sized companies, high-level payment management usually requires only 15-30 hours per month. Full-time employees may lack exposure to the latest industry trends and standards, which a consultant can provide.
Engaging a payment and banking consultant, especially for specific projects, provides access to specialized skills without long-term costs, making it a strategic and economical choice for companies.
Consultants offer flexibility and cost-effectiveness, operating on a project-specific basis. This allows companies to pay for expertise only when needed, reducing long-term financial commitments. They also bring extensive experience and valuable industry insights, helping avoid costly mistakes.
Read more: https://www.linkedin.com/pulse/why-hiring-full-time-head-payment-might-expensive-mistake-soltesz-q3abf/?trackingId=%2Fz2ZhLwCRwCe8IrryBCCwA%3D%3D
Why hiring a full-time Head of Payment might be an expensive mistake
Being cost effective but still getting the top talent is a hard challenge for every company. While the obvious choice might be to hire a full-time ...
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More Updates From Viktoria
Upvoted by Cristian
Upvoted by 1
Upvoted by Cristian and 1 other
Upvoted by 2
Upvoted by Cristian
Upvoted by 1
Viktoria S.
Mar 13, 2025
Hungary’s Cash Protection Law: Economic Stability or Financial Risk?
Hungary is amending its constitution to guarantee the right to pay in cash. While positioned as a move to protect consumer choice, it raises concerns for businesses, banks, and the country’s financial stability.
Cash increases operational costs, weakens financial transparency, and complicates compliance with global banking regulations. It could also impact Hungary’s trade relationships and currency stability.
Read my article for more: https://www.linkedin.com/pulse/hungarys-cash-protection-law-economic-stability-risk-viktoria-soltesz-6xzdf/?trackingId=V4g5T%2B2nsff8peqZv0pWbA%3D%3D
Hungary is amending its constitution to guarantee the right to pay in cash. While positioned as a move to protect consumer choice, it raises concerns for businesses, banks, and the country’s financial stability.
Cash increases operational costs, weakens financial transparency, and complicates compliance with global banking regulations. It could also impact Hungary’s trade relationships and currency stability.
Read my article for more: https://www.linkedin.com/pulse/hungarys-cash-protection-law-economic-stability-risk-viktoria-soltesz-6xzdf/?trackingId=V4g5T%2B2nsff8peqZv0pWbA%3D%3D
Viktoria S.
Mar 7, 2025
ISO Standards in Banking and Payments: What You Need to Know
Payment failures, frozen accounts, and regulatory fines happen more often than you think.
Most people handling payments have no proper training, and MBAs don’t cover this.
ISO standards define how banks process transactions, prevent fraud, and stay compliant, yet most businesses don’t even know they exist. Ignoring them leads to security breaches, lost funds, and costly mistakes.
Read my article for more information: https://www.linkedin.com/pulse/iso-standards-banking-payments-what-you-need-know-viktoria-soltesz-oysdf/?trackingId=GD1c6CfwSEaS9nlJbwWppQ%3D%3D
Payment failures, frozen accounts, and regulatory fines happen more often than you think.
Most people handling payments have no proper training, and MBAs don’t cover this.
ISO standards define how banks process transactions, prevent fraud, and stay compliant, yet most businesses don’t even know they exist. Ignoring them leads to security breaches, lost funds, and costly mistakes.
Read my article for more information: https://www.linkedin.com/pulse/iso-standards-banking-payments-what-you-need-know-viktoria-soltesz-oysdf/?trackingId=GD1c6CfwSEaS9nlJbwWppQ%3D%3D
Upvoted by Cristian
Upvoted by 1
1 comment
Viktoria S.
Mar 6, 2025
"Oh come on, it just a bank....!"
You probably don’t spend much time thinking about payment and banking—until something goes wrong.
A failed transaction, a frozen account, or a sudden account closure can throw your business into chaos overnight.
You assume your finance team has it covered, but payment and banking don’t follow the same rules as accounting.
The ones who manage payment and banking tasks are not adequately trained to so.Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
One mistake can cut off your cash flow, block customer payments, and leave you scrambling with no clear answers.
If you’re not actively managing this, you’re already at risk. Here’s what you need to know:
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise/?trackingId=lhNaFIyuQ76hrIy0Gab%2BaA%3D%3D
You probably don’t spend much time thinking about payment and banking—until something goes wrong.
A failed transaction, a frozen account, or a sudden account closure can throw your business into chaos overnight.
You assume your finance team has it covered, but payment and banking don’t follow the same rules as accounting.
The ones who manage payment and banking tasks are not adequately trained to so.Key areas, such as how payments and banking affect technology, UX, compliance, and other essential aspects in a business, are absent from accounting, economics courses, and MBAs.
One mistake can cut off your cash flow, block customer payments, and leave you scrambling with no clear answers.
If you’re not actively managing this, you’re already at risk. Here’s what you need to know:
https://www.linkedin.com/pulse/why-payment-banking-can-longer-ignored-hidden-business-soltesz-v1ise/?trackingId=lhNaFIyuQ76hrIy0Gab%2BaA%3D%3D
Upvoted by Cristian and 1 other
Upvoted by 2
Viktoria S.
Mar 3, 2025
Thinking your payment and banking setup is fine? Think again.
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f
One mistake—choosing the wrong bank, relying on a single provider, or ignoring compliance changes—can freeze your accounts, block your transactions, and cut you off from your own money.
Too many businesses assume payments are "just finance" or that "their accountant can handle it". That’s exactly how companies end up with crippling fees, rejected transactions, and lost revenue.
Your payment and banking setup isn’t an afterthought—it’s your business lifeline. Get it wrong, and you might not have a business left.
Read my article for more information. https://www.linkedin.com/pulse/5-payment-banking-myths-make-companies-fall-behind-viktoria-soltesz-gkp9f
Upvoted by Cristian
Upvoted by 1
