TransactionTrap identifies fraudulent merchants attempting to hide transactions by accepting shopping cart payment information on one website and pushing the data for actual processing through a separate, and perhaps unrelated, credit card acceptance account. The purpose is to hide the volume, or to mask the true nature of goods being sold, or to perpetuate a false-front merchant — one that claims to be one type of retailer but is, in fact, another.
The software employs a proprietary algorithm to identify suspect goods and services, and/or merchants. Questionable items offered for sale from websites are identified, purchased and shipped to a secure, unidentified Conformance location for physical examination and photo documentation to ensure legitimacy and legality.
Conformance Technologies is a provider of technology solutions, education and expertise used in managing business compliance requirements.
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