The changing regulatory landscape often dictates changing approaches to various high-risk industries. It’s important to stay abreast of these changes to know whether your merchants are operating in compliance with local and federal regulations. In this course, our regulatory experts will highlight some of the most talked-about issues and trends they foresee in 2022 and beyond.
A greater reliance on e-commerce in recent years has brought many new merchants online who may be unaware of the limitations on how they can describe their products or services. Any business is at risk of making deceptive or problematic marketing claims, which is why it’s important for payment service providers to understand what merchants can and can’t say. In this course, you’ll learn the top categories that are most frequently the subject of problematic claims, and hear about the latest enforcement efforts regarding claims.
A substantial shift to e-commerce in the past two years has upended underwriting processes and required new approaches to monitoring merchants online. Furthermore, changes to the economy, the supply chain, and consumer demand have merchants frequently updating their websites and inventory. It’s difficult for payment service providers to keep up. In this course, we look at ways to effectively monitor changes to merchant websites and products. We’ll offer tips to “triage” a website to quickly identify the most likely problematic text and products. You’ll also learn where to look to identify hidden merchant behavior that may violate the law or your terms and conditions.
Transaction laundering is a powerful tool cybercriminals use to obtain a merchant account under false pretenses. Because credit card processing is so valuable for online commerce, bad actors are constantly looking for new ways to trick the underwriting process and infiltrate the payments ecosystem. In this course we’ll discuss the latest trends in transaction laundering and share tips for mitigating your risk.
Like legitimate businesses, criminal operations employ sophisticated supply chain operations to get their goods into the hands of consumers. This can include sourcing of materials, manufacturing or authentication of goods, marketing to potential customers, processing payments, and shipping to buyers. Unlike legitimate businesses, however, illicit operations often employ subterfuge and illicit pathways to avoid scrutiny from law enforcement, internet platforms, and payments companies.