February 2017


February 28, 2017

Hop to it When the Government Calls

Whether you are an ISO or a merchant level salesperson (MLS), odds are you will at some point receive an unexpected visit from a government agency. […]
February 27, 2017

What to Do When Your Processor Won’t Pay You? It Depends…

Every week, I get a call from an agent or ISO (whom we will simply call the “agent”) complaining that an ISO or other upstream processing […]
February 25, 2017

Podcast: What Should Payment Facilitators Know About Money Transmitters?

In this podcast, PaymentFacilitator.com talks to Theo Monroe about money service businesses, also known as money transmitters. Monroe says that payment businesses can sometimes engage in […]
February 20, 2017

Help Merchants Avoid Subscription Legal Headaches

Automatic renewal programs represent a cash cow for countless subscription businesses, especially when consumers renew those subscriptions at higher prices. But automatic renewals can also be […]
February 19, 2017

Payment Company Compliance Issues: What is a match, and how can I get off of it?

I am often asked, “What is MATCH and how can I get off it?” As to the first part of the question, “MATCH” (which stands for […]
February 18, 2017

CNP Series: Lessons from a CNP Fraud Scheme – Part 4

Recently, the criminal case against online merchant Jeremy Johnson in Utah that started back in June 2011 finally came to a close. After more than four […]
February 17, 2017

Acquirer and Third-Party SAR Obligations for Transaction Laundering

Suspicious Activity Reporting (“SAR”) forms the cornerstone of the Bank Secrecy Act (“BSA”) reporting system. Broadly speaking, federal regulations require all banks and financial institutions to […]
February 16, 2017

CNP Series: Lessons from a CNP Fraud Scheme – Part 3

This is the third of four articles that will use the case to examine card-not-present fraud from a legal perspective. Part 1 described the case and […]