Risk levels are used to define different levels of limits for a given transaction. These are the risk levels that are currently in the system:
0 – Default
84 – Risk Level 1
50 – Risk Level 2
26 – Risk Level 3
Traditionally, these three risk levels are associated with:
Anonymous – No KYC data collected from client
Simplified Due Diligence (SDD) – Some KYC data has been collected from client Full Due Diligence (FDD) – Full KYC data has been collected from client
However, Risk Levels can also be used to add new features to cards at a higher level. For example, adding the ability to perform consumer loads (essentially adding new loading methods) to cards of a certain Risk Level.