Merchant Account Underwriting Tools

Monthly Archives: August 2012

Right to Use Deadly Force Against Bank Fraud Prevention Staff?


The FBI arrested Michael Chung Tuesday night after he faxed a letter to the bank’s fraud prevention officer in which he invoked his Second Amendment right authorizing “the use of deadly force to protect my interests as a national citizen,” officials said.

“I believe I have a basis to act in that manner,” Chung allegedly stated in the disturbing missive.

I know that we loss prevention and risk management people can be aggravating but this seems to be a bit much. Now if the threat had been against an unyielding merchant account underwriter I could (almost) understand it.

What is Mass Marketing Fraud?

And how does it affect merchant acquirers? The term “mass-marketing fraud” refers generally to any type of fraud scheme that uses one or more mass-communication techniques and technologies – such as the Internet, telephones, the mail, and even mass meetings in person — to present fraudulent solicitations to numbers of prospective victims, to conduct fraudulentRead More