29 Nov
30 Jun

Reputation Monitoring Matters for Strong KYC

Are you monitoring your business customers for decline in reputation using consumer complaints information? Do you check sources of adverse media to monitor for risk events in your portfolio? With the increased focus on UDAAP violations spearheaded by the CFPB, these leading indicators of risk can…

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22 Apr

Risk Update: Jammers

Originally developed for law enforcement and the military to interrupt communications by criminals and terrorists, jammers are receiving more global attention. With the increasing and evolving use of jammers for recreational and illegal purposes, a main concern for card networks, legal teams and law enforcement is the risk they pose to the general public if used incorrectly.

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17 Mar

Best Practices for Managing Your Merchant and TPPP Portfolio

Operation Choke Point has produced a spike in activity, with last week yielding two major settlements totaling over $6 million after a year of relative calm. As a result, G2 is reprising our 10 Steps guide for avoiding the unlawful activity that got the two defendant banks in trouble.

Recent headlines from CommerceWest Bank and Plaza Bank continue to underscore the need for a strong due diligence process when managing relationships with merchants and TPPPs. Although both cases involve complicity in fraud, they do highlight the consequences of being involved with such acts as well as how to avoid suspicions of impropriety. In the case of CommerceWest Bank, the pleading outlines several steps to ensure the bank is not abetting consumer fraud by taking precautions when working with payment processor customers including…

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17 Oct

Risk Update: Psychoactive Substances

An overview of illegal and high-risk goods 

At a global level, there has been an increase in the production as well as the misuse of new psychoactive substances. From 2009 to mid-2012, the number of these substances reported by the United Nations Office on Drugs and Crime, escalated from 166 to 251 – an increase of more than 50%!

Reported psychoactive substances

With the evolving nature of new psychoactive substances, it is important to stay informed of the risks they bring. Here are a few that the card networks have been keeping a close eye on.

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