Fraudsters move fast - we help you to stay on top

In a follow-up to our earlier blog ten tell-tale signs of a con, we get behind the psychology of scams to help you falling victim to one.

Fakes are real, big business and counterfeit goods are ubiquitous both on- and offline. The merchants who sell them pose increased risk for the acquirers and payment service providers (PSPs) who provide them with card acceptance.

The noun ‘con’ is short for ‘confidence trick’, a swindle involving money in which the victim’s trust is won by the swindler. Con artists use various well-honed tactics to defraud their victims. As an Underwriter, you should know how to spot them.

Transaction laundering has always been a multifaceted problem. One of its most insidious forms is the competitor takedown attack, where fraudsters weaponise card scheme test transactions to discredit legitimate merchants.

Addresses can be used to evade sanctions, perpetrate crime and launder money. Here's how.

Deceptive Marketing can make even seemingly legitimate low-risk merchants problematic. Acquiring Banks and Payment Service Providers should know how these merchants operate.

If we learn from the past, we can prepare for the future. That's why we take a look back at the most important fraud trends of 2018 and project what will be relevant next year.