By Thea Le Fevre
on April 21, 2023
Cameron D’Ambrosi, host of the State of Identity podcast, sits down with LegitScript CEO Scott Roth to discuss tactics in identifying whether a company is trustworthy, and the future of the online risk and compliance space. Read an abridged Q&A of the conversation below for key takeaways, or listen to the full interview.
By LegitScript Folks
on April 13, 2023
The payments space is competitive, with new payment facilitators and ISOs entering the fray every year. Rather than merely capturing new merchants or peeling ones away from competitors, many payments companies are looking at new markets to help build revenue in ways that are conscientious and compliant. Keep reading to learn about rapidly growing industries to consider.
Know Your Customer (KYC) checks are a crucial part of the underwriting process and help weed out problematic applicants before they’re approved for a merchant account. These required checks involve the verification of information such as an applicant’s identity, financial activities, and the risk they pose. Keep reading to understand the three common elements involved in a KYC check.
Merchant underwriting and merchant monitoring are important solutions for addressing and mitigating risk throughout the lifecycle of a merchant account, but they are not the same. Read more to learn the difference between merchant underwriting vs. merchant monitoring, understand the benefits and drawbacks of both, and see how they complement each other.
Reputational risk management is the practice of safeguarding your brand against damaging attention. Read more to understand what reputational harm is, how it may cause a payment service provider to lose value, and how it affects recruiting talent.
on April 12, 2023
There are many elements to compliance for a payments company, one of which is Payment Card Industry Data Security Standards (PCI DSS). Read more to understand why PCI DSS is an important card brand requirement for reducing fraud, and what PCI DSS compliance requirements are.
Payment service providers looking to grow their business may explore a variety of industries, but some pose more challenges than others. Read more to understand what a high-risk industry is, what is required to obtain a merchant account in a high-risk industry, and how to help keep your ecosystems safe.
Among fraudulent practices in payment processing, one of the most challenging is a deceptive tactic called transaction laundering, which is different from traditional money laundering. Keep reading to learn about money laundering vs. transaction laundering.
on April 04, 2023
A recent Federal Trade Commission (FTC) report states the amount of money US consumers lost in 2022 to scams — and it’s in the billions of dollars.
By David Khalaf
on March 20, 2023
We get a lot of questions about LegitScript's best-in-class Merchant Monitoring solution: How does it work? What are its features? What makes it different from other merchant monitoring service providers? We're going to answer all of these questions for you and more so you can understand if LegitScript's solution is right for you. In this…