Articles with tag like: transaction laundering

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Know Your Transaction (KYT) – The key to combating transaction laundering

Voice of the Industry | Digital Identity, Security & Online Fraud | 14 Dec 2020

Brandon Li from Austreme provides insights into the advantages of KYT in determining the legitimacy of a merchant's activity, unearthing fraudulent operations by analysing their transaction data

Austreme, Brandon Li, KYT, know your transaction, fraud prevention, transaction laundering, money laundering, KYC

EverCompliant raises USD 35 million, rebrands as EverC

News | Digital Identity, Security & Online Fraud | 11 Sep 2020

EverCompliant, a transaction laundering detection and prevention company, has raised USD 35 mln to meet growing demand from banks, credit card companies, payment processors, payment facilitators, online marketplaces, and law enforcement agencies. 

EverCompliant, EverC, transaction laundering, money laundering, ecommerce transactions, funding, fraud prevention, online merchants

Machine learning – an approach to fraud detection and protection

Voice of the Industry | Expert Opinion | 14 Jun 2019

Machine learning, a form of artificial intelligence, combines data, context, and feature engineering to allow organisations evaluate the risk of a particular digital interaction or purchase

supervised machine learning, machine learning, unsupervised machine learning, deep learning, chargebacks, account takeover, transaction laundering, fraud prevention

Web Shield launches AML solution for all payments players

News | Digital Identity, Security & Online Fraud | 15 May 2019

Web Shield has released its AddressReveal solution to help corporate banks, acquirers, issuers PSPs, and merchants to identify if clients are operating from a virtual address.

Web Shield, AML, transaction laundering, merchants, PSPs

Transaction laundering in 2019 – time to review the monitoring strategy

Voice of the Industry | Expert Opinion | 08 Jan 2019

As the recent rising volume of ecommerce transactions has encouraged the outbreak of cybercriminals, Austreme`Brandon Li gives advice on how to fight transaction laundering.

merchant onboarding, transaction laundering, monitoring, fraud prevention, Brandon Li, Austreme, ecommerce

Stopping fraudulent transactions before they take place

Voice of the Industry | Expert Opinion | 20 Sep 2018

James Richardson, Head of Risk&Fraud at Bottomline Technologies, shares lessons learned from the Cosmos Bank attack. Let’s see how to stop fraudulent transactions.

James Richardson, risk, fraud, Bottomline Technologies, bank heist, fraud prevention, risk management, transaction laundering, fraudulent transactions

Transaction laundering – too big to be ignored

Voice of the Industry | Expert Opinion | 17 Apr 2018

Transaction laundering has quickly evolved into one of the payment industry’s most prominent and difficult problems.

transaction laundering, fraud prevention, AML, KYC, EverCompliant, ecommerce, IdentityMind, merchant fraud, G2 Web Services, Trulioo, ACI Worldwide

Federal and state regulators turn their attention to Transaction Laundering

Voice of the Industry | Expert Opinion | 22 Mar 2018

Regulators got their eye on transaction laundering. According to Ron Teicher, CEO of EverCompliant, in their fight against this type of fraud, awareness and policy making are key

transaction laundering, fraud, money laundering, AML, EverCompliant, Ron Teicher, expert opinion, US

Amex invests in EverCompliant to help them fight transaction laundering

News | Digital Identity, Security & Online Fraud | 13 Mar 2018

EverCompliant, a cyber-intelligence company, has secured a strategic investment from American Express Ventures to help fight electronic transaction laundering.

American Express, EverCompliant, transaction laundering, money laundering, investment, fraud, merchants