Jan 30, 2019 | Compliance, Fraud Detection, Merchant Monitoring, Risk Management, Transaction Laundering
Ongoing monitoring is required by regulatory authorities and credit card organizations as part of enhanced due diligence for certain merchant types. Especially acquirers with many high-risk merchants in their portfolio have to implement a solid monitoring framework. For them, monitoring isn’t an option but a legal obligation.
May 7, 2018 | Fraud Detection, High-Risk Business, Interview, Security
Hidden high-risk industries could be hiding risky business behind ‘low risk’ MCCs, as this saves them from the acquiring bank’s high scrutiny applied during the on-boarding process of high-risk merchants. Merchants, involved in high-risk business, use camouflage tactics to ‘fly under the radar’ and negotiate favorable (low risk) processing rates.
Oct 24, 2016 | Fraud Detection, Interview, Security, Transaction Laundering
How to Detect and Prevent Transaction Laundering This interview was originally posted on the goEmerchant Blog Christian Chmiel is the CEO of Web Shield Ltd., a European company that helps Merchant Acquirers, Payment Services Providers and Banks to improve their...
