In the world of ecommerce and mcommerce, transaction laundering and merchant based fraud takes a different form. Online marketplaces, payment facilitators and hosting providers working with multiple third parties are often on their own when trying to figure out how to respond and prevent fraudulent ecommerce activity. They find it very hard to identify third parties who act as transaction launderers.
At the same time Acquirers and PSPs are exposed to an ever growing regulatory pressure and demand more and more scrutiny from the online marketplaces, payment facilitators and hosting providers to keep their portfolios clean and riskless.
The inability to detect illicit, and illegal activity represents a serious business risk as one can unknowingly and unintentionally be facilitating money laundering and criminal activity. This in turn can lead to potential fines and chargebacks, legal actions, brand and reputational damage — such as losing the ability to integrate with the payment systems altogether.
MerchantView detects and prevents transaction and money laundering activities, from entering the ecommerce payment system. MerchantView’s automated and instant detection capabilities allow businesses to verify and monitor all third party identities, and then eliminate risky and illegal activity.