17Nov
By: Ron Teicher On: November 17, 2016 In: Blog Comments: 0

As fraud and risk mitigation procedures continue to evolve, criminal entities adopt new innovative ways to bypass those measures. One of such methods is transaction laundering. Transaction laundering is defined as the action whereby a merchant processes payment card transactions on behalf of another merchant, thus disguising the true...

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08Nov
By: Ron Teicher On: November 08, 2016 In: Blog Comments: 0

According to the U.S Census Bureau, the number of ecommerce transactions grew 3.7% between Q4 2015 and Q1 2016: an increase worth approximately $9.8 billion. With the rapid growth in ecommerce activity comes an increased risk of merchant-based fraud such as transaction laundering. What is transaction laundering Transaction laundering...

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02Nov
By: Ron Teicher On: November 02, 2016 In: Blog Comments: 1

Fraud is an ever-present and costly issue that plagues the payments industry. The sheer number of transactions being processed through payment networks makes it virtually impossible for industry stakeholders to trace where the money is coming from and where it is going. Technological developments have simplified the process of...

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22Oct
By: Ron Teicher On: October 22, 2016 In: Blog Comments: 4

With the rapid growth in ecommerce, new sophisticated merchant-based fraud schemes are developing at a rate that makes them increasingly difficult to detect. To fight this relentless wave of fraud, Merchant Service Providers (MSPs) such as acquiring banks, PSPs, ISOs, payment facilitators, hosting providers and online marketplaces are introducing...

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22Oct
By: Ron Teicher On: October 22, 2016 In: Blog Comments: 1

About EverCompliant EverCompliant is the pioneer and industry leader in transaction laundering detection and prevention. We help acquiring banks, PSPs, ISOs, payment facilitators, hosting providers, and online marketplaces to ensure that the merchants they service and their corresponding activities are both known and legitimate. Transaction laundering, defined by MasterCard...

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