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Introducing New Transaction Laundering Webinar Series

Post Categories: Blog

By: Greg Baxley, Marketing Coordinator

 

E-commerce has produced a multitude of new payment methods, including e-wallets, virtual currency, mobile and wearables. Unfortunately, it has also yielded a horde of new fraud categories. One form, transaction laundering, allows prohibited merchants to find safe passage into the payment system by exploiting valid merchant accounts. The payments industry is staring down the barrel, with no limits to fraud and brand damaging activity.

 

Here are five reasons banks and processors should care about transaction laundering:

  1. It breaks laws.
  2. It can lead to card fines, penalties and loss of bank sponsorship.
  3. It is difficult to detect.
  4. It comes in many forms.
  5. Accounts are terminated, but culprits are not.

 

With all that said, are you a victim of transaction laundering?

 

We’ve put together a webinar series designed to help you identify specific types of transaction laundering, walk through case examples that serve as cautionary tales and offer risk and compliance professionals best practices to keep your portfolios clean of fraudulent merchants.

 

For your convenience, we’ll be hosting three different sessions. Please choose a time below that works best for you:

 

  • October 20, 2015, 6:00 AM PST | Register
    Presenters: Deana Rich, President of Rich Consulting and Dan Frechtling, Chief Product Officer for
    G2 Web Services
  • November 3, 2015, 5:00 PM PST | Register
    Presenters: Dan Frechtling, Chief Product Officer for G2 Web Services and Gavin Andrews, Principle Product Manager for G2 Web Services
  • November 18, 2015, 10:00 AM PST | Register
    Presenters: Deana Rich, President of Rich Consulting and Dan Frechtling, Chief Product Officer for
    G2 Web Services

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1-888-788-5353

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