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Blog Category: Merchant Monitoring

Using APIs to Improve Merchant Risk Management

API Merchant Compliance

API integration is a growing trend in nearly all industries—and the merchant acquiring/financial services space is no exception. From speeding up merchant underwriting to consolidating vendor insights into your internal platform, numerous processes can be improved with API integration.    So, what exactly is an API? Put simply, an Application Programming Interface (API) is a technical… read more

Post Date: Posted on Post Categories: Merchant Monitoring, Merchant Risk

How to Spot an IPTV Laundering Scheme

iptv fraud

Your nondescript web hosting merchant may be harboring pirates. G2 analysts have discovered a trend where illegal internet protocol television (IPTV) vendors launder transactions through seemingly benign web hosting shops. Bad actors stealthily avoid detection from merchant acquirers by funneling transactions through a ubiquitous enterprise like web hosting. Take the case below. The first image… read more

Post Date: Posted on Post Categories: Merchant Monitoring, Money Laundering, Transaction Laundering

G2’s 2023 Drug Watch List is now live!

Drug Watch List Guide

We have added some trending pharmaceuticals and illegal drugs to this year’s list. Some examples: Semaglutide: Semaglutide is the active pharmaceutical ingredient in two FDA-approved injectable prescription-only drugs: Ozempic and Wegovy. Ozempic is approved to help people with Type 2 diabetes manage their blood sugar levels. Wegovy is approved for weight loss. Both drugs contain… read more

Post Date: Posted on Post Categories: Illegal Drugs, Merchant Monitoring, Merchant Risk

Gambling, Gadgets, and The Risk to Your Merchant Portfolio

Illicit Gambling Sites

Bogus “gadget” websites are putting merchant acquirers at risk for card network fines and assessments. G2 analysts have seen a recent increase in illegal gambling sites laundering their transactions through gadget sites—usually a simple site selling a few select items, often consumer electronics, power tools, or sporting goods. Transaction laundering—one merchant processing payment card transactions… read more

Post Date: Posted on Post Categories: Merchant Monitoring, Money Laundering, Online Gambling

New Nicotine Regulations May Affect Payment Providers

The U.S. Food and Drug Administration (FDA) hints that it may increase its nicotine regulations after electronic cigarette enterprise, Juul Labs, Inc. hooked a generation on vaping.  Last month, the FDA ordered all currently marketed Juul products to be removed from the U.S. market. The agency determined there is not enough evidence to “assess the… read more

Post Date: Posted on Post Categories: FDA, Merchant Monitoring, Merchant Risk

Comply by October 15: New Adult Merchant Content Guidelines

adult merchant account

Acquirers must comply by October 15, 2021 with Mastercard’s extended Specialty Merchant Registration requirements—that aim to crackdown on unauthorized and illegal adult content. According to Mastercard, the updated rules require acquiring banks to “certify that the seller of adult content has effective controls in place to monitor, block and, where necessary, take down all illegal… read more

Post Date: Posted on Post Categories: High-risk Merchants, Merchant Monitoring

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