transaction laundering RSS

Transaction laundering has quickly evolved into one of the payment industry’s most prominent and most difficult problems. Transaction laundering — also previously known as “undisclosed aggregation” or “factoring” — occurs when a merchant processes unknown transactions on behalf of another business. This hidden business is often engaged in prohibited activities, and the “front” merchant may [...]

The post What is transaction laundering and what is the Industry doing about it? appeared first on Payments Cards & Mobile.