Digital KYC: A Key To Tackling Transaction Laundering

On: May 31, 2017

The advent of the internet and the rapid rise of ecommerce have led to the emergence of a completely new class of customers for acquiring banks and Merchant Service Providers (MSPs). We are talking about entities whose identities are almost entirely confined to the digital realm with only a...

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Five Ways Criminals Abuse the Payments Ecosystem

On: March 31, 2017

Every Merchant Service Provider invests massive amount of time and resources in vetting ecommerce merchants. Yet, owing to the incredible complexity of modern payment systems and the ease with which an online business can be established, payment processors frequently fail to know the true origin of transactions passing through...

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10 Merchant Acquiring Industry Events You Can’t Afford to Miss in 2017

On: March 02, 2017

With the rapid industry changes and regulatory oversight increasing, 2017 will be another year of transformation and growth in the payments industry. This coming year, we’re looking forward to meeting with Merchant Service Providers (MSPs) from around the world, to learn from each other and work together to ensure...

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Eliminating Merchant Fraud – 5 Tips for Merchant Service Providers

On: February 14, 2017

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,...

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Transaction Laundering is the New, Advanced form of Money Laundering

On: January 23, 2017

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...

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