We were able to terminate these merchants and avoid costly fines.
Within the first month of using G2’s Transaction Laundering Detection service, they identified multiple violators in our portfolio. We were able to terminate these merchants and avoid costly fines. G2 has been tracking violators all over the world for over a decade. iPayment considered multiple vendors, but we chose G2 Web Services because they had the most comprehensive approach to detecting transaction laundering.
-Marcus Smith, iPayment SVP, Risk Management
Allowed us to take the required action to remove this risk from our portfolio.
G2 contacted us after they had [discovered] non-compliant sites located in the UK. We were able to use this data to link these to merchants on our portfolio who had registered a compliant URL at the point of approval. After further investigation, we were successfully able to identify further links from our merchants to these non-compliant sites and take the required action to remove this risk from our portfolio.
An integral part of our Risk Monitoring system.
UMS Banking has been using G2 since 2007. It is not only useful, but is an integral part of our Risk Monitoring system and compliments the processes we put in place through the TPPPA Compliance Management System (CMS). Their new reputational risk, persistent monitoring and risk console allows us to automate a manually intensive job into a ‘click and review’ process that is far more efficient and robust, giving us the data analytics we require for proper oversight of our portfolio in a timely manner.
-Joyce Gaines, CEP, UMS Banking
Detect and eliminate transaction laundering.
MeritCard selected G2 because they provide the best suite of services so we can detect and eliminate transaction laundering. Having worked with G2 for five years, we trust them to continually provide us the most advanced solutions.
-Blake Martensen, Principal, MeritCard
Our merchant base will now be kept clear of transaction laundering.
G2 gives QualPay line-of-sight to unknown, illicit businesses attempting to use legitimate merchant accounts. We are confident our merchant base will be kept clear of transaction laundering to the fullest extent possible.
-Stephen Prince, EVP of Operations, QualPay
We are confident our merchant base will be kept clear of transaction laundering to the fullest extent possible.
G2 has historically given JetPay Payment Services a strong solution to the merchant risk review when it comes to monitoring, processing, classification and modeling. We expect a clear line-of-sight to illicit businesses attempting to use legitimate merchant accounts through G2’s new transaction laundering product. We are confident our merchant base will be kept clear of transaction laundering to the fullest extent possible.
-Jeff Beene, SVP of Risk Management, JetPay Payment Services
G2 offers us the most comprehensive approach available.
G2 offers us the most comprehensive approach available to finding hidden transaction laundering. They help us ensure our merchants are free of concealed activity, including hidden players trying to infringe on legitimate accounts.
-Dante Croupe, VP of Risk Management, i3 Verticals