What purpose does the Global Merchant Audit Program Report serve?

The Global Merchant Audit Program Report primarily serves to alert acquirers to potentially fraudulent merchants. This is crucial in the payments ecosystem, as acquirers are responsible for managing the risk associated with the merchants they onboard. The report helps to identify anomalies or behaviors that could indicate fraudulent activities, allowing acquirers to take preventative measures and protect themselves as well as their customers from losses associated with fraud. By flagging potentially fraudulent merchants, the program enhances the overall security and integrity of payment systems, ultimately contributing to a safer transaction environment for all stakeholders involved.

While verifying income reports, examining transaction fees, and assessing customer satisfaction are important aspects of managing merchant relationships, they do not directly relate to the core function of the Global Merchant Audit Program Report, which focuses specifically on identifying and mitigating fraud risks.