Recently we read a news piece on Pymnts.com how imposter scams are on the rise, so much so that instances of such have surged ahead of identity theft, according to the Federal Trade Commission. It was mindful of a case of merchant account fraud we experienced a few weeks ago. Being a provider of merchant…
Tag: merchant account fraud
Transaction Laundering Doesn’t Always Involve Drug Sales
A merchant recently approached Instabill about finding a merchant account for his business in which he rented large dumpsters to contractors and consumers used for scrap materials or large amounts of waste. It sounded simple enough. In fact, we wouldn’t even consider it high risk – medium at best. We liked how the dumpsters had…