The Limit Sets option lets agents link limit sets to consumers, payment instruments, and wallet entries. Agents can define a limit set in which there is a global spending limit for a consumer, for example, $300 per day, independent of the payment instrument being used. Defining limit sets for consumers complies with many banking regulations and reduces risk.
Agents can define the risk category for a consumer type. Risk categories
are rules that determine limit sets and roles for a consumer type. You can set the
consumer type when you register the consumer.
- If no limit set is defined for a consumer, the limit set that is defined for the consumer's risk category is used.
- If no risk category is configured for the consumer, the risk category that is defined for the consumer type is used.
- If no limit set is defined for the risk category, the limit set that is defined for the consumer's organizational unit is used.
