Call Today: 1-888-788-5353

Blog

Learn From The Pros:
Build A Winning Merchant Portfolio

At the championship level, winning sports teams are carefully constructed—each athlete hand-selected based on their physical ability, past athletic achievements, and overall reputation. This process of player evaluation has created sports dynasties like Brazil’s national football team, who won back-to-back World Cups in 1958 and 1962, before winning a third in 1970. What if you… read more

Post Date: June 17, 2021June 18, 2021 Post Categories: Know Your Customer, Merchant Underwriting

Fake Reviews, Negative News, Real Fines

Federal Trade Commission Fines Herbal Company $12.8MM Recently, the Federal Trade Commission (FTC) announced its first case challenging an independent retail website in the use of fake paid reviews (See Figure 1). Cure Encapsulations, Inc., and its owner, Naftula Jacobowitz confirmed allegations that they had indeed made false and unsubstantiated claims for their so-called “fat… read more

Post Date: April 3, 2019February 26, 2020 Post Categories: Deceptive Marketing, False Claims, Merchant Fraud, Merchant Risk

G2 Web Services Mentioned in Aite Group Best Practices Report

A new Aite Group report surveys global acquirers and payment service provider (PSP) merchant onboarding and monitoring practices. G2 Web Services is cited as a…

Post Date: February 27, 2017 Post Categories: Blog

Activating Due Diligence and Merchant Monitoring Detectors

The digital payments ecosystem is a complex, interconnected and ever-changing network that is exploited by criminals but can also be leveraged by risk professionals to defeat them. Merchant fraud is evolving at lighting pace, often leading to…

Post Date: June 9, 2016 Post Categories: Blog

Emerging Risk: Online Market for Dangerous Contact Lenses Propels Liability

Decorative contact lenses are commonly sold through online merchants without FDA approval, using various brand names and messaging that suggests otherwise. Every year, the approach of Halloween heightens fears that consumers will…

Post Date: March 10, 2016 Post Categories: Blog

The Power of Connections

Post Date: January 21, 2016 Post Categories: Blog

Common Gaps in BSA/AML Programs Today

At last month’s American Banker’s Association Money Laundering Enforcement Conference in Washington, DC, I attended a session where a representative from the OCC discussed the most common gaps in financial institutions’ BSA/AML programs that led to

Post Date: December 8, 2015 Post Categories: Blog

Get the Low Down on MAC Dallas

Excellent MAC Midwest Training Event in Dallas on October 1, 2015! The program featured experts from across the industry on topics ranging from EMV to new trends in fraud.

Post Date: October 22, 2015 Post Categories: Blog

What the Recent Spike in Consent Orders Means for Your ACH Business

Today’s regulatory environment is uncertain and difficult to navigate. The risk factors for ACH/Check Processing are unique compared to those for credit card processing. As such, it is important to understand those differences and how to best manage your portfolio risk with thorough due diligence and ongoing monitoring. Additionally, banks are facing…

Post Date: October 20, 2015March 11, 2019 Post Categories: Blog

Best Practices for Monitoring Your Merchant and TPPP Portfolio

Operation Choke Point has produced a spike in activity, with last week yielding two major settlements totaling over $6 million after a year of relative calm. As a result, G2 is reprising our 10 Steps guide for avoiding the unlawful activity that got the two defendant banks in trouble.

Recent headlines from CommerceWest Bank and Plaza Bank continue to underscore the need for a strong due diligence process when managing relationships with merchants and TPPPs. Although both cases involve complicity in fraud, they do highlight the consequences of being involved with such acts as well as how to avoid suspicions of impropriety. In the case of CommerceWest Bank, the pleading outlines several steps to ensure the bank is not abetting consumer fraud by taking precautions when working with payment processor customers including…

Post Date: March 17, 2015September 18, 2019 Post Categories: Blog

Call Today:

1-888-788-5353

Reduce Assessments and Increase Revenue

Improve merchant risk management and compliance with solutions that deliver more actionable risk insights at scale across your business processes. Learn More

Contact Support