Transaction Laundering: The Next Threat to the Payments Industry

June 10, 2015 • Published Categories Acquirer ProgramsTags , , , , , , , ,

Cross posted by D. E. Wilson, Jr., Venable LLP Transaction Laundering (TL), sometimes referred to as “undisclosed aggregation,” or “factoring,” is a growing threat to the payments industry. Money laundering by another name, it is the dark side of payment facilitation, an established, legitimate aggregation model … Read more

A 2015 Road Map for Payment Processing Compliance

January 23, 2015 • Published Categories Industry TopicsTags , , , , , , , , , , ,

Guest post by Ellen T. Berge and Andrew Bigart, Venable LLP The past year was a big one for the payments industry with the introduction of new products, the growth of virtual currencies, and, of course, continued government pressure on payment processors and non-bank entities … Read more