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Blog Category: High-risk Merchants

Magento 1 e-commerce websites are easy malware targets and among the biggest potential liabilities in any payment provider’s portfolio—and the threat is about to get worse. What is happening? Effective June 30, 2020, Adobe Magento will end support for the Magento Commerce 1 platform. Magento 1 websites will no longer receive vendor-supplied security patches. Visa… read more

As COVID-19 engulfs the US, increasing numbers of unethical internet merchants are targeting consumers who are homebound, anxious—and online. According to DomainTools, over 100,000 high-risk coronavirus-related domain names have been created since January.   G2 analyzed these domain names and looked for trends. We found the following:   Exponential Growth In the months of January and… read more

While COVID-19 spreads worldwide and panicked consumers rush to acquire pandemic essentials, scammers are out in full force. In the past few weeks, G2 has seen a dramatic increase in healthcare-related scams, especially in the following categories:   Protective Face Masks Face mask fraud is rampant, as bad actors attempt to take advantage of vulnerable… read more

As new high-risk merchants establish a presence in ecommerce, weak points in the payments system are exposed Last week, Dan Frechtling, president at Verisk Financial G2 discussed the growing presence of three high-risk ecommerce markets during a panel discussion at the annual ETA TRANSACT conference in Las Vegas, Nevada. Adult-oriented websites, online pharmacies, and virtual… read more

Post Categories: High-risk Merchants, Merchant Fraud

The start of 2014 means that some of the most exciting sporting events around the world are nearing, including Super Bowl XLVIII, the 2014 Sochi Winter Olympics and The FIFA World Cup. While these three events feature very different sports, they have one thing in common: ticket prices to attend any of these events come at a steep price and high demand. Whenever there is an in-demand, popular event like the above, scammers are sure to take advantage of spectators looking for a bargain.

For acquiring banks, that means higher chargebacks and potential financial loss.

– January 22, 2014 –  Allied Wallet, a G2 Web Services client, uses Global Boarding to dig deep into its potential merchants’ histories to uncover hidden risks and make more informed boarding decisions. Due diligence during the boarding process is the first line of defense when it comes to protecting a company’s merchant portfolio from financial loss due to risky merchants. With the increasing demand for a quick turnaround time at boarding, the careful balancing act of thorough due diligence along with the need for speed at boarding is a rising challenge. G2 Web Services developed Global Boarding, a fast flexible due diligence solution precisely to solve this problem.

See how our solutions can help you.

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