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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

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

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

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

Transaction Laundering Hate Groups

Tensions in America rise as the pandemic-fueled economic recession sweeps the nation. Hate groups are among many bad actors who are taking advantage of the current social and political turmoil by peddling violence, misinformation, and fraudulent products online. According to the Southern Poverty Law Center, nearly 1,000 hate groups were located in the United States… read more

Nutraceuticals Claims Guide

When onboarding a nutraceutical merchant, how do you know which claims are compliant versus which claims cross the line? Obviously, a dietary supplement cannot be marketed with claims to miraculously cure COVID-19, but can it be marketed to relieve joint pain? Or reduce inflammation? What if the merchant’s website is claim-free, but its social media includes claims to help treat hypertension? Can a merchant… read more

It has been almost a year since the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), a federal law that had prohibited most states from authorizing online gambling. Almost immediately, Delaware and New Jersey legalized sports betting (joining Nevada, where sports betting has long been legal) – followed in quick succession… read more

Post Categories: Merchant Risk, Online Gambling

Did you know that all contact lenses – even decorative non-corrective contact lenses – are considered prescription-only medical devices in the US? That’s right! If a merchant is shipping contact lenses (even crazy vampire-eye lenses!) to the United States without properly requiring a prescription, then that merchant is violating US law and at risk of breaking card… read more

Post Categories: Merchant Boarding, Merchant Fraud

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