Mandate Monitor by PhenoGyde

Monitoring, categorizing and understandingthe rules & rule changes of the international card schemes(such as Visa, Mastercard and American Express)

WHAT ARE
MANDATES?

Being in a contractual relationship with a card scheme (Visa, Mastercard, AmEx, Diners, etc.) means you need to comply with their rules.

As financial environment evolves the requirements of card schemes are constantly changing.

Card schemes publish changes to their rules via their own electronic channels – those are the publications / announcements / mandates.

We save you 1/3 time of your best card expert

WHY THEY ARE IMPORTANT?

By publishing those announcements, card schemes give you – more or less - time to prepare for those changes. If you are not aware of them, you risk losing money or breaking their rules and being non-compliant.

POSSIBLE 
CONSEQUENCES
WE CAN SPARE YOU

Depending on the type of announcement, the risks you take by not knowing them

FINANCIAL

fines/ introduction of new optional services/ missing saving and business opportunities

OPERATIONAL

not adapting your system can cause functional issues – increase of declined transactions

REPUTATIONAL

in extreme cases card schemes can cease your contract

No penalties for being
non-compliant

BENEFITS OF MANDATE MONITOR

We save you:
  • 1/3 time of your best card expert
  • service fees (for optional services)
  • non-compliance penalties
We provide you:
  • business development opportunities
  • market advantageses
  • estimated development costs

WE SAVE YOU TIME
& RESOURCES

Number of publications are highly rising: avg. 120 issued monthly in 2021.

In average 30 minutes processing time per publication is required, that makes 1/3 time of a senior staff member dedicated to reading and understanding new announcements.

WE SAVE YOU MONEY & HEADACHES

In an average bank we save 30.000 EUR / month (on just optional services costs) because of the proper monitoring of the mandates.

Penalties of non-compliance can be an order of magnitude higher, also starting a development project in time reduces its costs.

Being compliant also means that you are integrating the latest technologies. Mandate Monitor provides you with business intelligence which creates a real market advantage.

REAL BUSINESS VALUE

We show you the business opportunities behind your mandates!

As all the new services are communicated via mandates it is crucial to your product development to have the right information in the right time.

As we provide extra information for your mandates you will have a clear picture about development needs and business impact.

Mandate Monitor is a real decision support tool!

A SERVICE TAILOREDTO YOUR NEEDS

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat.

MONITOR

We download all recent publications from the card scheme customer portals that may be relevant to the Bank based on geography / location of the Bank and its services

SELECT

We pinpoint the relevant publications based on the Business Profile Form submitted by the BankBusiness Profile Form (BPF) is a Form that gives us full picture about the business lines, card products and services the Bank provides to its cardholders and also about the card scheme services the Bank uses.

PROCESS

We process all publications and move into a database.All important information that can be read from the publication are extracted into the database, into pre-defined fields

ADDITIONAL SERVICES

Mandate Compliance Snapshot

Based on your onboarding data we select all the relevant mandates issued in the last 12 months.

Using the extra information we provide to each mandate we create a transparent report and set up a workshop with your team.

Mandate Follow-up Tracking

We manage and track your personalized mandate report / task list on a weekly basis.

We collect the status and other relevant information from your colleagues and remind them about their commitments and deadlines.

Consultancy

We are providing consultancy, advisory services on payment, digitalization, product / service / business development, FinTech and neobanking.

YOUR MANDATE
MONITOR TEAM

Zsolt OLASZY
professional lead

Zsolt is having 20+ years of experience in bank card issuing and acquiring, payment product development and banking

Gábor LÉVAI
business lead

Gábor is having 20+ years experience in payments, strategy, business/service/market development, FinTech and innovation

WHAT WE DO

We are a team of bank card professionals monitoring the announcements / publications / business news / mandates of all the card schemes - on behalf of the Bank - ensuring the Bank is up-to-date and compliant since 2018.

GET STARTED NOW!

Book a free demo of Mandate Monitor

Thank you!
Oops! Something went wrong while submitting the form.