14Feb
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,...

Read more
23Jan
By: Ron Teicher On: January 23, 2017 In: Blog Comments: 3

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...

Read more
21Dec
By: Ron Teicher On: December 21, 2016 In: Blog Comments: 2

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...

Read more
15Dec
By: Ron Teicher On: December 15, 2016 In: Blog Comments: 2

Fraud has always kept pace with technological developments within the payments industry. The advent of the internet and the rapid rise of ecommerce have opened up a whole new host of possibilities for merchant based fraud. Methods for perpetrating online fraud are evolving and becoming more and more sophisticated;...

Read more
30Nov
By: Ron Teicher On: November 30, 2016 In: Blog Comments: 0

An old proverb says, “A thief is a thief, whether he steals a diamond or a cucumber.” In the fast-developing world of ecommerce, fraud and theft has become a growing problem within an international community of merchants selling diamonds, cucumbers, and everything in between. By 2021, mobile payments are...

Read more
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...

Read more
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...

Read more
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...

Read more
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...

Read more
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...

Read more