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G2 Listed on Annual Exclusive List of America’s Fastest Growing Private Companies, With Three-Year Revenue Growth of 115%

BELLEVUE, WA, August 23, 2013 – Today, G2 Web Services, a leading global provider of payment risk management solutions, announced that they were ranked number 2,954 on Inc. Magazine’s seventh annual Inc. 500|5000 list, an exclusive ranking of the nation’s fastest-growing private companies. G2 also ranked 82nd among the fastest growing companies in Washington State. G2 Web Services joins GoDaddy and LivingSocial, among other prominent brands featured on this year’s list.

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As the payment industry continues to undergo significant changes spurred by strong innovation and new payment methods, online merchant risks are on the rise, making it challenging for payment providers to stay one step ahead. With an increase in data compromises and government regulations, as well as new compliance concerns, the importance of performing extensive due diligence before boarding a new merchant could not be greater.

Bringing on the wrong merchant can be detrimental to your portfolio, as you could potentially bear the burden of any fraud, card network compliance violations, chargebacks and data breaches, which can cost you extensive financial damage, not to mention legal and regulatory penalties. Unfortunately, many acquirers do not thoroughly investigate their merchants’ online presence and history of risk. The good news is that many of these potential threats can be avoided by ensuring you follow the right steps and knowing exactly what to look for during the merchant boarding process.

The following are five areas of a merchant’s history to pay extra attention to at boarding:

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We all know how difficult it can be as an acquirer to monitor all of your merchants’ websites effectively. It is a costly and time-consuming process to do in-house, and regulations are constantly changing. However, choosing to not monitor your merchants can open you up to brand damage, legal liability, and card network assessments.

Here are the “Top 5 Tips to Monitor Your Merchants” from G2 Web Services, a leading provider of payment risk management solutions and expert at merchant compliance monitoring, to help you stay better protected.

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Recently, the G2 Web Services team was involved in Operation Pangea VI, the annual international internet effort targeting the illegal online sale of counterfeit and unlicensed medicines and the criminal organizations behind them.

Operation Pangea is coordinated by INTERPOL, the World Customs Organization (WCO), and other international government and law enforcement agencies, and is the largest internet-based action of its kind. G2 Web Services worked behind the scenes to identify websites, map merchant relationships, and confirm merchant accounts transacting on sites selling illegal pharmaceuticals.

Post Categories: Blog, News & Events

Cyberlockers are third party file-sharing – also known as “file hosting” – services. Examples of popular cyberlockers are DropBox, Hotfile, MegaVideo, and RapidShare. While there are practical applications for this type of service – such as transferring documents and photos between friends, or collaborating with remote colleagues – these file sharing merchants can also pose immense risk to acquirers. Cyberlockers have been repeatedly found to be associated with brand damaging, risky, or even illegal content, including violent video and intellectual property rights infringement. This business model is currently largely unregulated and very difficult to monitor, so acquirers should proceed with caution.

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Millions of pieces of “Personally Identifiable Information” (PII) are compromised each year due to data breaches, theft by an employee or loss of the data by the company. Yet surprisingly, 69% of small business do not believe that there would be a significant financial impact or harm to their business reputation if they experienced a data breach, according to a recent study conducted by Ipsos Reid. This study also found that:

  • 40% of small business owners have no protocols in place for securing data, a five percent increase from last year.
  • More than 1/3 of the small businesses report that they never train staff on information security procedures.
  • 48% of small businesses don’t have anyone directly responsible for management of data security.
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As the new CIO, Gunawan Herri will lead the G2 Web Services technology team in developing new payment risk management solutions, and managing the G2 Merchant Map database to enable acquiring banks and payment providers to better predict risk in their merchant portfolios.

BELLEVUE, WA, June 27, 2013 – G2 Web Services, the leading global provider of payment risk management services, today announced that Gunawan Herri has joined G2 as Chief Information Officer and Vice President of Technology. In his role, Herri will be responsible for leading the technology team in enhancing current G2 technology and developing new payment risk management technology to mitigate emerging risks facing the payments industry. Herri will manage and grow the G2 Merchant Map, an extensive database comprising billions of data points on merchant risk history, to enable acquiring banks and payment providers to better predict risk in their merchant portfolios.

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G2 Web Services was a premium sponsor and exhibitor at the recent Merchant Acquirer’s Committee (MAC) Annual Conference at MGM Grand Hotel in Las Vegas. David Landis, Vice President of Global Sales, Eric Tishkoff, Director of Product Development, and James Fisher, Client Manager, all represented G2 at this conference, which is specifically focused on the payment fraud and risk management industry.

Post Categories: 2013 MAC Annual, Blog, Events

Robert Caldwell, G2 Web Services Founding Partner, was featured on the MasterCard Worldwide Morning Brew with Nicole Ward. The piece focused on “Fighting Payment Fraud and Identifying Risk”, and highlights the upcoming MasterCard Americas Risk Conference, as well as the topic of keeping fraud out of the payment system.

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The newly formed partnership will allow G2 Web Services and Sysnet to deliver the G2 CompliancePlus Suite – the most comprehensive merchant compliance solution available to the payment industry, with compliance solutions for PCI DSS, third-party service providers, and merchant website compliance.

February 5th, 2013, London, United Kingdom G2 Web Services, a leading provider of payment risk management solutions for members of the payments value chain, and Sysnet Global Solutions, a leading global provider of payment card industry compliance management services specializing in PCI DSS, announced the formation of their new partnership today at the 4th Annual G2 Merchant Risk Summit.

The partnership will enable G2 Web Services to integrate Sysnet’s PCI DSS compliance solutions into the full suite of services it currently offers to more than 200 acquiring clients globally focused on due diligence, compliance and fraud. G2 will now offer the CompliancePlus Suite, which includes Sysnet’s PCI DSS compliance management solutions.

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