By: Ron Teicher On: March 31, 2017 In: Blog Comments: 0

Every Merchant Service Provider invests massive amount of time and resources in vetting ecommerce merchants. Yet, owing to the incredible complexity of modern payment systems and the ease with which an online business can be established, payment processors frequently fail to know the true origin of transactions passing through...

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By: Ron Teicher On: March 2, 2017 In: Blog Comments: 0

With the rapid industry changes and regulatory oversight increasing, 2017 will be another year of transformation and growth in the payments industry. This coming year, we’re looking forward to meeting with Merchant Service Providers (MSPs) from around the world, to learn from each other and work together to ensure...

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By: Ron Teicher On: February 14, 2017 In: Blog Comments: 0

The global proliferation of advanced payment systems creates new and complex challenges for acquirers and payment processors. The rapid growth in the number of micro merchants combined with the exponential growth in the volume of ecommerce payments passing through Merchant Service Providers (MSPs) creates massive data overload. In addition,...

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By: Ron Teicher On: January 23, 2017 In: Blog Comments: 7

Transaction laundering is the new sophisticated form of money laundering and terrorism financing  and is one of the biggest challenges facing the AML regime today. This advanced merchant-based fraud scheme takes advantage of legitimate payment ecosystems by funneling unknown transactions through seemingly unrelated ecommerce merchant accounts. Sleek legitimate websites...

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By: Ron Teicher On: December 21, 2016 In: Blog Comments: 3

Mobile transactions are projected to reach $7,45 trillion by 2020. With the rapid growth in mobile payments comes the migration of transaction laundering to mobile as well. Transaction laundering on mobile Transaction Laundering  is an action whereby a merchant processes a transaction on behalf of another merchant.  This technique...

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