Merchant Account Underwriting Tools

Few of Us Underwriters are Research Scientists

However, many of us can read. We can also evaluate what we read with a (more or less) analytical perspective.That’s why we make the big bucks!

But then what? Take the example of Brain Research Labs and KeyView Labs (ProceraAVH) just sanctioned by the FTC for Deceptive Acts and False Advertising. Some acquirer is/was processing transactions for them under those and other names such as 20/20 Brain Power Partners, LLC and Medhealth Direct, Inc.

If the injunction filed on July 1, 2015 In the Central District of California creates a flurry of chargebacks by consumers who now realize unsubstantiated claims were made regarding the product that induced them to buy it, what position will the acquirers take?

Before approving a nutritional merchant must the underwriter document the following to assure that their employer won’t be included in some civil action:

A. All protocols and protocol amendments, reports, articles, write-ups, or
other accounts of the results of the test, and drafts of such documents reviewed by
the test sponsor or any other person not employed by the research entity;
B. All documents referring or relating to recruitment; randomization;
instructions, including oral instructions, to participants; and participant
compliance;
C. Documents sufficient to identify all test participants, including any
participants who did not complete the test, and all communications with any
participants relating to the test; all raw data collected from participants enrolled in
the test, including any participants who did not complete the test; source
documents for such data; any data dictionaries; and any case report forms;
D. All documents referring or relating to any statistical analysis of any
test data, including, but not limited to, any pretest analysis, intent-to-treat analysis,
or between-group analysis performed on any test data; and
E. All documents referring or relating to the sponsorship of the test,
including all communications and contracts, between any sponsor and the test’s
researchers.

 

Excellent research by Joe Cannon about the companies and their founders and cohorts can be seen at:

http://supplement-geek.com/proceraavh-review-ingredients-side-effects-research/

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