The G2 Risk Summit Series events offer multiple opportunities for networking and socializing with payments industry peers. At each of the four locations we are hosting an evening activity, giving attendees one more…
Join the conversation while we discuss why reputation monitoring is so important to KYC and as we highlight the threats and trends…
Navigating the Future of the Digital Augmentation was the keynote address presented by Aric Dromi, futurologist and digital philosopher for Volvo Car Group, at the 2016 MasterCard Global Risk Leadership Conference in Split, Croatia last week. Aric explained that…
In the merchant acquiring space, risk is an inevitable component of conducting business. Acquirers, PSPs, ISOs, payment facilitators and other blockchain partners determine their risk tolerance level…
G2 was proud this week to join hundreds of acquirers and issuing banks at the MasterCard Global Risk Leadership Conference: Americas in Huntington Beach, CA. I sat in on one of the pre-conference sessions, at which MasterCard’s Jeff DePetro, teaming with Deana Rich of Rich Consulting, led a compelling overview of…
Gone are the days of shady dealings on the dark street corner. The new millennium welcomed drug sales to our computer screens, making anything and everything available at the click of a button. Street drugs and prohibited pharmaceuticals and nutraceuticals of all types can now be acquired…
In a practice referred to as “derisking,” banks have been avoiding customer classes with a higher propensity for money laundering and terrorist financing activity. But as certain business types like charities, remittance facilitators, crypto-currencies, and other money service businesses (MSBs) lose access to banking altogether, regulators are trying to course-correct.
The FDIC backtracked from initial guidance to avoid certain classes of customers. As stated in FIL-5-2015:
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