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Predicting Merchant Risk With Data Mapping

Data mapping has increasingly become one of the most important tools to identify and manage merchant risk in the rapidly shifting payments landscape. When reviewing a merchant application and its basic business information, there is much more than meets the eye. Often, there lies an entire network of connections between the merchant and existing domains, directors, IP addresses, third party providers, and risk history. Why does this matter? Well, if it is possible to identify relationships or connections between a new merchant on the web to current or previous entities, it’s possible to gather enough data to predict what risk they present to an acquirer or payment provider. Prediction rather than reaction is essential in mitigating merchant risk and fraud, both at boarding and throughout a merchant relationship.

Post Date: November 20, 2013May 27, 2020 Post Categories: Blog, Merchant Boarding, Merchant Risk

G2 Sponsors the Visa Europe Acceptance Risk Forum

G2 Web Services sponsored and spoke at the Visa Europe Acceptance Risk Forum in London, England. The conference, held over two days, brought together the acquiring community, regulatory bodies, law enforcement agencies and NGOs to discuss the latest industry trends and solicit feedback from Visa members.

Post Date: November 11, 2013May 27, 2020 Post Categories: Blog, Events, News & Events

Unlocking “Siloed” Merchant Fraud Data

Merchant fraud is a costly problem for acquirers and payment providers, with global card fraud losses reaching $11.27 billion last year, according to the Nilson Report. G2 Web Services conducted an investigative case study that demonstrated how many acquirers just one fraudulent merchant can touch. The findings were concerning, and highlighted the need for a secure, neutral location for payment providers to share fraud data to mitigate financial losses.

Post Date: November 6, 2013May 27, 2020 Post Categories: Blog, Case Study, Merchant Fraud

Cyberlockers and Marketplace Merchants

This week, we sat down with Robert H. Caldwell, Founding Partner of G2 Web Services, to interview him on cyberlockers and marketplace merchants, and the risk they present to the payment system. Read on for Bob’s insights into where cyberlockers and marketplace merchants fit in the payment system, the risks associated with them, and best practices for payment providers to mitigate risk associated with these entities.

Post Date: October 28, 2013May 15, 2020 Post Categories: Blog, High-risk Merchants, Know Your Customer, Merchant Risk, Prohibited Content

G2 FraudFile Launched at Mastercard Risk Management Conference

Last week, G2 Web Services attended the MasterCard Global Risk Management Conference in Malta, which focused on bringing together industry leaders to discuss the latest tools in fraud prevention. G2 presented on a number of topics, including compliance best practices, payment facilitator risk, and fraud prevention within the payments community. G2 also launched G2 FraudFile, a new fraud reporting and prevention solution, at the conference.

Post Date: October 22, 2013May 15, 2020 Post Categories: Blog, Events, News, News & Events

G2 Launches FraudFile to Fight Bust-Out Merchants

G2 Web Services announces FraudFile, a new fraud reporting and prevention solution that enables payment providers to prevent fraud at boarding, receive fraud alerts on current merchants, and report global fraud loss data to a central, secure location.

ST. JULIANS, MALTA, October 15, 2013 – G2 Web Services, leading global provider of merchant risk management solutions, today announced the launch of G2 FraudFile. This fraud loss prevention solution for acquirers and payment providers identifies fraudulent and potentially fraudulent merchants at boarding and alerts participants of identified fraud on an ongoing basis. FraudFile provides a unique, global, and system-neutral location for acquirers to report fraud loss data and to protect against future fraud loss, particularly from bust-out merchants and rapidly growing fraud rings.

Post Date: October 15, 2013May 15, 2020 Post Categories: News, News & Events, Press

5 Products That Can Indicate Potential Violations

As an acquirer, knowing what your merchants are selling is key to minimizing your risk for potential violations, especially since merchants can add products to their websites at any given moment, without your knowledge. New products are constantly put on the market, and unfortunately, illegal and risky products are often hard to detect and monitor. Without being aware of these products, you run the risk of brand damage and potential violations, including regulatory fines and even legal penalties. While the list of goods and services that violate MasterCard’s BRAM program and Visa’s Global Brand Protection program (not to mention the law) is exhaustive, G2 Web Services has compiled a list of five lesser-known products that we have identified on merchant websites that you should be on the lookout for.

Post Date: October 4, 2013June 11, 2021 Post Categories: Blog, High-risk Merchants, Illegal Drugs, Illicit Goods, Know Your Customer, Prohibited Content

PSP Reduced Unauthorized Merchant Aggregation By 97%

The following case study demonstrates how G2 Web Services, a leading payment risk management company, helped a U.S. payment service provider to identify unauthorized aggregation within its merchant portfolio, ultimately reducing its risk and creating new merchant opportunities.

Merchant Aggregation: Understanding the Problem

This particular payment service providers’ portfolio had 2,168 known merchant websites that contained higher risk online adult merchandise. The payment service provider (PSP) was enrolled in G2 Persistent Merchant Monitoring to carefully monitor its merchants for website content compliance. However, the PSP was not monitoring for aggregation, which left it vulnerable to potential violations and financial loss.

Aggregation can easily go unnoticed, as it involves an unknown merchant using a legitimate merchant account to process transactions. Without being aware of these aggregating sites, the PSP was facilitating the transactions of potentially illegal and/or brand damaging goods and services, and opening it up to aggregation assessments from the card networks. Upon learning more about aggregation risk potential and its rise in the industry, they sought help from G2 Web Services to determine the full scope of their merchant aggregation risk.

Post Date: September 30, 2013May 15, 2020 Post Categories: Blog, Case Study, Merchant Risk

G2 Founding Partner Presents at the International Acquiring Forum

G2 Web Services founding partner, Robert Caldwell, spoke last week at the first annual International Acquiring Forum in London. As a speaker on the panel “The Dark Side of Acquiring: The Temptations of Volume from Non-Traditional Merchants”, Bob was joined by other industry experts, including: Alan Goslar, Chairman of PAY.ON; Stanley Skoglund, Chief Risk and Compliance Officer for Credorax Group; and Catherine Cummings, Senior Director of the International Centre for Missing and Exploiting Children who each presented on different topics pertaining to the overall panel theme.

Post Date: September 25, 2013May 15, 2020 Post Categories: Blog, Events, News, News & Events

G2 Appoints New Board Member

Roy Banks, former CEO of Accelerated Payment Technologies, Inc. and President of Authorize.Net, has been appointed to the G2 Web Services Board of Directors to help guide the strategic growth of the company.

BELLEVUE, WA, September 25, 2013 – G2 Web Services, a leading global provider of payment risk management services, today announced that Roy Banks has been appointed as the newest member of the G2 Board of Directors. As an experienced payments industry executive with a history of successful executive leadership and management, Banks will be a key advisor for G2 Web Services.

Post Date: September 25, 2013May 15, 2020 Post Categories: News, News & Events

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