In the world of e-commerce and m-commerce, Transaction Laundering and merchant-based fraud takes on a different form. Online marketplaces, payment facilitators and hosting providers working with a high volume of sub-merchants are often vulnerable to fraudulent e-commerce activity but left unaware. When dealing with third-party merchants, detecting Transaction Laundering activities can be a major challenge.
Similarly, acquirers and PSPs are exposed to ever-growing regulatory pressures, demanding that these online marketplaces, payment facilitators and hosting providers heavily scrutinize their portfolios to minimize risk and illegal transnational activity.
The inability to detect illicit and illegal activity creates significant business risks, as your business can be unintentionally facilitating money laundering and criminal activity online. This major oversight can lead to potential fines and chargebacks, legal actions, and major brand or reputation damage.
MerchantView detects and prevents Transaction Laundering activities from entering the e-commerce payment system. MerchantView’s automated and instant-detection capabilities allow businesses to verify and monitor all third-party identities to eliminate risky and illegal activity.