May 23, 2018 | Compliance, Regtech
“From the Fourth and Fifth Money Laundering Directives, to the General Data Protection Regulation (GDPR), to the second Payment Services Directive (PSD2), to the New York Department of Financial Services Final rule – all have had an impact on existing KYC processes. But the traditional banking industry is fragmenting as new ways to send value from one country to another are developed.”
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.
Aug 4, 2017 | Interview, Transaction Laundering
You estimate the extent of TL to reach $352B worldwide. Criminals who abuse merchant accounts to process card payments for their illegal products or services are threatening legitimate e-commerce and merchant acquirers. In 2016, there were over 500,000 illegal shops online. What makes TL hard to detect?
Feb 28, 2017 | Fintech, Interview, Security, Technology
How to Protect m-Commerce in the Age of Mobile Payments This Interview was originally posted on the Blog-site of GoeMerchant Jimmy Fong is VP Sales-International at InAuth, a leading next-generation device authentication and intelligence partner which was...
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...
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