Call Today: 1-888-788-5353 [gtranslate]

Blog

An overview of illegal and high-risk goods 

At a global level, there has been an increase in the production as well as the misuse of new psychoactive substances. From 2009 to mid-2012, the number of these substances reported by the United Nations Office on Drugs and Crime, escalated from 166 to 251 – an increase of more than 50%!

Reported psychoactive substances

With the evolving nature of new psychoactive substances, it is important to stay informed of the risks they bring. Here are a few that the card networks have been keeping a close eye on.

Post Categories:  Blog

 

At the IAFCI conference in Phoenix, Rayleen Pirniv (EPCOR) and Jeanette Fox (NACHA) stated a main difference between credit card networks and the ACH:

“Unlike Credit Card processors, the ACH has no prohibited business types.”

What exactly does that mean for you?
Like a pebble in a pond, the ripple effect of a bad third party can always be traced back to the source.

Every year, over 18 billion transactions representing $40 trillion in volume, flow through the ACH network. This is far more than the card networks – and with the mandatory EMV adoption in 2015 – we expect to see even more fraudsters transition their activities from credit card to the ACH network. With the proper due diligence and monitoring, much of this fraud can be prevented.

Post Categories:  Blog

See how our solutions can help you.

Call Today:

1-888-788-5353

+31 613630399

us uk

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