Blog Articles

Synthetic Identity Fraud is a blend of genuine and false data bad actors use to gain unauthorized access to financial services like credit, loans, and merchant accounts. Read further to understand the unintended consequences of automation, randomization of social security numbers, and large-scale data breaches. Then, download our 20-page introductory guide on Synthetic Identity Fraud.

In LegitScript’s most recent webinar, we took a deep dive into the regulatory history and current landscape of online weapons sales. Read further for a snapshot of the political climate surrounding the proposal to implement a new merchant category code (MCC) for firearms. Then, dive into our three-part Deep Dive Webinar Series.

In February 2023, both Turkey and Syria were hit with a massive earthquake — and bad actors capitalized on the flood of donations pouring into the countries. Read further for more details about how charity scams work, and how LegitScript’s monitoring solutions protect companies like yours.

The INFORM Consumers Act goes into effect June 27, 2023, and the Federal Trade Commission (FTC) recently sent letters to 50 online marketplaces in preparation. Read further for more information about what the INFORM Consumers Act is and what it means for online marketplaces. Then contact us for more information about how LegitScript can help.

Visa’s compliance program addressing the reputational risk and potential brand damage associated with acquiring merchants in high-risk verticals or industries, the Visa Global Brand Protection Program (GBPP), is being replaced by the Visa Integrity Risk Program (VIRP).

The FDA approved the drug semaglutide for those suffering from obesity, diabetes, and other weight-related illnesses. Since its approval, semaglutide has faced worldwide popularity — resulting in supply shortages.

The US Food and Drug Administration (FDA) recently warned the public about online sales of Apetamin — an unapproved drug produced internationally and sold worldwide. Read more to understand why this drug is potentially harmful to consumers.

LegitScript vets CBD manufacturer’s products for accurate and transparent labeling in line with regulatory bodies like the US Food and Drug Administration (FDA). Read further to understand what LegitScript’s CBD Certification does to protect consumers.

LegitScript’s Associate General Counsel, Gerard Olson, dives deep into the regulatory landscape of vaping and tobacco in our Deep Dive Webinar Series. Read this recap of the webinar to understand who regulates tobacco and vaping products, and what it takes to get a tobacco product to market. Then, watch the full webinar at the button below.

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.

Let’s explore how reputational risk impacts the relationships payment facilitators, ISOs, and acquiring banks have in the payments industry.

The Federal Trade Commission (FTC) proposed a new easy-cancellation rule that would make it simpler for consumers to discontinue recurring subscriptions. Read more to understand how the rule is another step in the FTC’s efforts to protect consumers from deceptive practices. Then, download our comprehensive guide to negative option billing.

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.