Blog Articles

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.

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.

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.

Before 2020, when the pandemic limited access to in-person healthcare, telehealth was growing only incrementally and some well-meaning laws made it difficult to access certain medications. Now, newly proposed federal rules take into account how society has changed in a post-COVID world, and how it’s impacted the prescribing of controlled substances online. Read more to understand what new rules the DEA is proposing, and their potential to permanently change the telemedicine landscape.

LegitScript is here to shine a light on one of the most noteworthy cannabinoids currently marketed online — delta-8 THC. Read this expanded-on excerpt from Top 10 High-risk Trends That Put You at Risk of BRAM and GBPP Fines to understand what delta-8 THC is, and why you should watch out for it.

LegitScript’s Domain Name Enforcement program reports illicit websites’ domain names to their associated registrars. Read more to understand what a domain registrar is, and how we report domain names.

LegitScript’s Associate General Counsel, Gerard Olson, takes a deep dive into the regulatory landscape of cannabis, marijuana, and CBD. Read more to understand the regulatory landscape of these products, recent stances the FDA has taken, and what problematic products we’re finding online.

Bad actors may change their methodologies as technology evolves, but the same offerings emerge year after year. In this recap of LegitScript’s recent webinar, we identify and track seasonal high-risk trends in payment processing and on e-commerce platforms to help you anticipate them. Read more to understand what these trends are and how to grow your business more confidently.

On December 29, 2022, Congress passed major reforms to cosmetics laws that go into effect in 2023. Read this blog post to understand the changes, and download our Cosmetics Introduction to better understand the legal differences between cosmetics and drugs.

These three (and free) one-hour webinars take a deep dive into the regulatory landscape of rapidly evolving high-risk industries. Are you a professional in payments risk & compliance or internet trust & safety? Read more to understand why you should register.