What’s New
at EverCompliant

What’s New
at EverCompliant

PRESS RELEASES

IN THE MEDIA

07Sep

Following the Money Trail: The Anatomy of Transaction Laundering

On: September 07, 2016

With the recent escalation in online fraud attacks, merchant fraud, which has posed a longstanding risk to the payments system has evolved into a new category of fraud- transaction laundering, a security threat that is not only hard to detect but even more challenging to eliminate.

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30Jun

MARKETPLACES FACE NEW AND UNEXPECTED RISK THREATS – TRANSACTION LAUNDERERS

On: June 30, 2016

E-commerce sites may never completely replace Main Street stores, but online shopping is growing at a very healthy clip. In 2015, online shoppers in the US spent some $300 billion, and that figure is expected to grow to nearly $500 billion by 2018.

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06Jun

Protecting Banks in the Digital Age: The Rules Have Changed

On: June 06, 2016

While most people associate cybercriminals with hacking and security breaches, many of them have begun exploiting vulnerabilities in the e-commerce industry as well, using a new scheme called transaction laundering. By using transaction laundering, cybercriminals have found a way to bridge the gap between sellers of illicit (and often...

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24May

THE INTERNET CHANGED EVERYTHING

On: May 24, 2016

Credit and operational risks present in the physical world persist online, but the scale and clock-speed on risk exposure has increased. New risks have appeared, and notions around credit and chargeback risk, which have dominated acquirer risk thinking for decades, have undergone a fundamental re-set.

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21May

EverCompliant Interview

On: May 21, 2016

Acquirers and processors are processing anywhere from 6% up to even 10% more merchants than they are aware of. That means that in a merchant portfolio of 100,000 one should expect to see up to 10,000 unknown merchants that transact through their known clients, i.e. cases of transaction laundering....

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