How to Minimize Risks of Online Merchant Acquiring

On: January 29, 2018

Acquiring an e-commerce merchant account is similar to having an unsecured line of credit, in that it has the potential to carry significant risks of merchant-based fraud, as well as risks of non-delivery and non-payment of chargebacks.  Online merchant acquisition has become an increasingly volatile business with a focus...

Read more

Must-Attend Events for Payments In 2018

On: January 22, 2018

The cost of money laundering worldwide is estimated to be approximately 2-5% of the global GDP, or roughly U.S. $1-2 trillion annually, resulting in a lucrative market for criminals of all sorts. As developments in technology and regulatory changes push international efforts to combat this significant illegal activity, payment...

Read more

2017 : A Watershed Year in the Fight Against Transaction Laundering

On: December 21, 2017

This past year proved very important for the detection and prevention of Electronic Money Laundering (known as Transaction Laundering) worldwide.  At the end of 2016, we reported that $352 billion had been laundered globally through e-commerce and, of that total, nearly $11 billion involved the sale of illegal goods...

Read more

Electronic Money Laundering: Digital Solutions for a Digital Problem

On: December 11, 2017

Technological innovations are rapidly changing the global banking landscape. While fintech startups are mainly focused on improving consumer interaction with the financial system, financial institutions are investing heavily in developing “behind-the-scenes” solutions for meeting the increasingly demanding regulatory compliance obligations. In the past few years, the financial ecosystem has...

Read more

Must Attend Talks at the Money2020 Conference for Payments and AML Professionals

On: October 19, 2017

To say that the financial services sector is being disrupted is probably the understatement of the century. This, of course, comes on the back of a number of drivers, namely the increasing use of online and mobile banking, changing consumer expectations and new technologies, such as machine learning and...

Read more