News & Updates
The Latest on Internet Pharmacies, Supplements, Designer Drugs,
and Other High-Risk Merchants
Three Things Payment Service Providers Need to Know About CBD Sales
The 2018 Farm Bill, which was signed into law last month, includes provisions removing hemp and its extracts, including hemp-derived cannabidiol (CBD), from the DEA’s Controlled Substances schedules entirely. This is a monumental shift for industrial hemp and CBD in the US, and it promises big opportunities for CBD merchants and the payment facilitators that…
How Will the FDA’s New Dietary Supplement Working Group Affect You?
Food and Drug Administration Commissioner Scott Gottlieb announced last month a new working group to improve oversight of the dietary supplement industry. The move could mean increased safety for consumers, but also increased scrutiny of dietary supplement merchants and the payment facilitators that onboard them. An Unwieldy Industry In a speech at the Food and…
The Top High-risk Payments Trends for 2019
The constantly changing landscape of online payments can be difficult for payment facilitators to keep up with. This year, technological advancements, criminal innovation, and shifting consumer interests shifted the types of problematic merchants most likely to pop up in portfolios. LegitScript tracked the data this year to identify which merchants may cause payment facilitators the…
Why LegitScript Won’t Be in Attendance at This Week’s Treatment Center Investment & Valuation Retreat
LegitScript was scheduled this week to attend and speak at the Treatment Center Investment & Valuation Retreat in Scottsdale, Arizona. This national conference, which is organized by The Institute for the Advancement of Behavioral Healthcare, brings together owners and senior executives from the addiction treatment and recovery community to meet with key members of the…
The Spread of Online Intellectual Property Infringement Should Worry Payment Providers and Consumers
This week, Europol’s Intellectual Property Crime Coordinated Coalition announced the seizure of more than 33,000 domain names distributing counterfeit and pirated items online. The websites marketed and sold items such as counterfeit goods, pirated entertainment, software, electronics, and other bogus products. The operation involved the cooperation of the US National Intellectual Property Rights Coordination Center…
Watch Out for Fraud Through Unauthorized Aggregation
This week, a New Jersey couple and a homeless veteran were arrested and charged with conspiracy and theft by deception for an alleged fraud scheme on the online crowdfunding platform GoFundMe. According to NPR, the three raised $400,000 from more than 14,000 donors based on an allegedly fabricated story of a Good Samaritan. It’s the latest high-profile scam to draw attention to online aggregators and the risks they pose for payment facilitators.
Verify Healthcare Products, Ingredients, and Websites with LegitScript’s New Data Services
LegitScript is now making available the world’s largest, most comprehensive database of dietary supplements, designer drugs, pharmaceuticals, and other healthcare products and websites. This data — which is already trusted by Google, Bing, Amazon, and Facebook — can help supplement merchants, acquirers, and internet platforms confidently build their businesses while reducing risk and staying in…
Are Payment Facilitators Unwittingly Complicit in Anti-Semitic Rhetoric?
Last weekend’s shooting at the Tree of Life Congregation Synagogue in Pittsburgh, Pennsylvania, has prompted many to look at the online space and the degree to which platforms allow hate speech and extremist ideas. Although attention is focused mostly on social media outlets used by the shooter — including Gab and Twitter — what role…
Pure Caffeine: A Danger for Consumers and Payment Facilitators
The popularity (and expense) of energy drinks and workout supplements has prompted many consumers to look for cheaper ways to consume their favorite beverages and pre-workout products. Exercise websites and DIY forums online are replete with recipes and instructional videos on how to make these products at home, which may contribute to the growing interest…
LegitScript Earns Designation as 2018 Top Workplace
We’re pleased to announce that LegitScript has been named a 2018 Top Workplace by The Oregonian. LegitScript previously achieved this honor in 2015 and 2016. The award is determined by feedback collected from anonymous employee surveys, which were administered earlier in the year by the third-party company Energage. LegitScript employees who participated praised the company…