13Sep

FTC Targets Transaction Laundering in Landmark Lawsuit

On: September 13, 2017

Does a lawsuit filed in Arizona by the US Federal Trade Commission signal a sea change in regulatory willingness to act aggressively against transaction laundering? A lawsuit filed in the United States District Court in Arizona at the end of July this year may be the tipping point in...

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24Aug

[Webinar] The Future of Money Laundering is Here: How it is Moving into Payments

On: August 24, 2017

Join EverCompliant and the Merchant Acquiring Committee for a Webinar that explores the future of money laundering, and how the rise of the internet has given criminals an alternative method to wash their illegal proceeds.

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06Aug

Transaction Laundering: Top News Stories 2017

On: August 06, 2017

Merchant Service Providers (MSPs) are required by law to ensure that the merchants they service and the payments they process are both known and legitimate. However, the rapid expansion in both volume of ecommerce transactions combined with the wide variety of payment methods available, have created a situation where...

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20Jul

Transaction Laundering Facilitates Illegal Credit Card Transactions

On: July 20, 2017

Ecommerce sales are growing, with an average annualized growth rate of around 16%. New technology makes it easy to set up online storefronts and payment environments and the resulting growth in ecommerce transactions is accompanied by the rise in transaction laundering.   Transaction laundering is a sophisticated merchant-based fraud...

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04Jul

The Pros and Cons of Frictionless Onboarding

On: July 04, 2017

It’s no secret that the current manual onboarding process simply does not operate at Internet speed. Merchant Services Providers (MSPs) like banks and credit card companies, legitimately concerned with legal and financial liability, are highly-cautious. Traditional onboarding and certification is manual, time-consuming, based on extensive documentation and tedious. The...

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