that We would be Breaking News. However, there are things we get around to that still might be educational for underwriters, and here is a quote we like:
“undaunted by glaring indicators that transactions were induced by fraud or were unauthorized, defendants continued to process such payments for years.” http://ftc.gov/opa/2013/03/aec.shtm “We are committed to protecting consumers from unscrupulous merchants who use Internet and telemarketing schemes to defraud them. Such merchants need payment processors and banks to help them obtain the victim consumers’ money.”
There is often a difference between “High Risk” merchants and “fraud merchants.” We can help your underwriters identify the difference.