Success Stories

MerchantView Helps EU Bank Completely Eliminate Transaction Laundering Violations

An acquiring bank offering merchant services to both brick and mortar and online merchants utilizes EverCompliant’s solution to monitor approximately 4,000 merchants.The bank was receiving, on average, four to five fines of 200K (each) per year by the card brands and was unable to detect the illegal transaction laundering occurring in its merchant portfolio. It’s important to note that the bank in this study carries a low-risk merchant portfolio. The bank first approached EverCompliant after failing to detect TL that originated from unreported online merchants selling illegal goods and services through the bank’s merchant ecosystem.  Read more…


Success Stories

Nutraceutical Merchant’s Network is Finally Exposed

An acquirer was conducting enhanced due diligence on a subset of its merchants in preparation for a sponsor bank audit. The acquirer had suspicions about one of its high-volume nutraceutical merchants in particular. The risk management team performed extensive research yet was unable to detect any clues. The MerchantView deployment, however, returned conclusive results: The suspicious merchant was supporting an extended network of 33 active websites selling a range of products in the nutraceutical space, with multiple incidences of unverifiable claims. Equipped with this new insight, the acquirer was able to confirm that the associated sites were in fact funneling transactions to the known merchant account. Read more…


Transaction Laundering Brochure

Transaction Laundering Whitepaper

See how EverCompliant compares to other solutions and learn about the unique benefits of MerchantView

Transaction Laundering activity is a significant and growing problem within the online space, further intensifying the urgency for MSPs and other payments industry stakeholders to become as agile and efficient as the fraudsters themselves. Yet in the evolution of online merchant fraud, the old tactics never completely disappear; the evolution is cumulative, with new types of fraud layering onto the old. Read more…

eKYC Discovery Brochure

eKYC Discovery Whitepaper

See how EverCompliant helps close the gap in your KYC process

For more than two decades, financial institutions have been investing huge resources to build a robust and comprehensive Know Your Customer (KYC) program to comply with regulators and Anti-Money Laundering (AML) laws. KYC procedures enable banks to better understand their customers’ financial dealings and manage risk to their business. Read more…