Merchant Updates Blog

Bait & Switch PSA

Posted by Nina Pioletti on Mar 15, 2017 8:06:00 AM
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Topics: flat rate credit card processing, merchant service scams, merchant fees, merchant services

Financial Fraud in 2016

Posted by Danielle Lafontaine on Jul 6, 2016 8:28:40 AM

Fraudulent activity in payment processing unfortunately goes hand-in-hand, it’s why it’s important for us to highlight this topic as often as possible and keep you in the know with ‘the latest scams’. This year-round threat and the crimes associated with it can be very damaging, so much so, that the last quarter of every year now has a week dedicated to International Fraud Awareness Week. This year it will be November 13th-19th serving as a good reminder to remain vigilant at all times. Most crimes are detected through tips, according to research, making consumer input a vital component for helping put an end to crooked operations.

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Topics: merchant service scams, financial fraud, scams, identity theft, bank draft scams, credit repair

The Truth About Transaction Laundering

Posted by Danielle Lafontaine on Jun 22, 2016 1:00:00 AM

Cyber-criminals are always lurking to find the best place to hijack some legitimate deal in an effort to sell illicit goods and services online…where these crooks breed. One of the latest popular scams is transaction laundering through payment processors and in recent months it has become a favorite of drug dealers, sex service procurers and other similar corrupt dealings. The problem is many people have yet to hear about this and studies at EverCompliant indicate that “as many as 6%-10% of additional unauthorized ecommerce sites that banks are processing may not know the illicit activities they are backing without their consent or awareness.”

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Topics: fraud liability, singular payments, merchant service scams, payment processing, fraud, merchant services, transaction laundering

Avoiding merchant services scams

Posted by Danielle Lafontaine on Jan 5, 2016 11:21:39 AM

Tired of your time being wasted by scam calls from “merchant services” impersonators? You’re not alone and you can bank on the fact that these callers are after you for what you don’t know.

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Topics: custom rate payment processing, payment processing service, credit card processing, flat fee payment processing, small business payment processing, medical payment processing, credit card processing fees, merchant service scams

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