E-identity, Security & Online Fraud

MoneyGram partners the International AntiCounterfeiting Coalition to protect consumers from retail scams

Thursday 24 January 2013 | 09:22 AM CET

MoneyGram and the International AntiCounterfeiting Coalition (IACC) have joined forces to protect consumers from retail scams by participating in the IACC Payment Processor Portal Program, which is aimed at preventing disreputable merchants from selling counterfeit goods by disabling certain payment processing channels, such as MoneyGram money transfers, to these merchants.

The IACC portal program provides a system for intellectual property rights-holders, such as manufacturers of luxury goods, electronics and consumer products, to report the illegal sale of counterfeit items. Once a claim is verified by the IACC, a third-party monitoring agent alerts affected payment processors, such as credit card and money transfer companies, to ensure the illegal merchant no longer accepts payments through these channels.

Counterfeiters use MoneyGram and other payment processors as a sign of legitimacy to trick consumers to purchase fraudulent products, but participation in the portal program will help MoneyGram and the IACC identify illegal retailers and protect consumers from monetary losses.
 

Print | Contact editor | Mail
© 2014 The Paypers
More: Abstract | Link

This Month

Next Month

02 Apr 2014   AITEC Southern Africa ICT Summit
03 Apr 2014   How to Use KPIs to Improve your Accounts Payable Efficiency
06 Apr 2014   NACHA Payments 2014
07 Apr 2014   9th Annual Middle East Retail Banking Forum
07 Apr 2014   15th Annual Commercial Card and Payment Conference
07 Apr 2014   Home Delivery World
07 Apr 2014   Inside Bitcoins - the future of virtual currency
07 Apr 2014   Mobile Money Americas
07 Apr 2014   Inside Bitcoins - the future of virtual currency
07 Apr 2014   Chief Procurement Officer Summit
08 Apr 2014   MVNOs World Congress
08 Apr 2014   3rd Annual Customer Experience Management in Banking Summit
08 Apr 2014   Mondato Summit Europe
08 Apr 2014   ETA Annual Meeting & Expo 2014
08 Apr 2014   IFINTEC International Finance Technologies Conference and Exhibition
09 Apr 2014   4th Annual Latin America Trade & Commodity Finance Conference
09 Apr 2014   11th Annual Accounts Payable and Procurement Transformation Summit Asia
09 Apr 2014   SAP Conference for Financial Shared Services
10 Apr 2014   The 4th Cloud And Big Data Summit
11 Apr 2014   Bitcoin Expo 2014
12 Apr 2014   Hitmeister e-Commerce Day
15 Apr 2014   Netherlands' Customer Festival
15 Apr 2014   Cash, Treasury & Risk Management in Turkey
17 Apr 2014   8th Annual Prepaid Expo Europe 2014
20 Apr 2014   our Big Data and Analytics for Banking Summit
22 Apr 2014   Wima Monaco - NFC & Proximity Solutions
23 Apr 2014   Future Bank Asia
23 Apr 2014   The Cash Handling Show Asia
23 Apr 2014   The Retail World Asia
23 Apr 2014   RFID World Asia
23 Apr 2014   Digital ID World Asia
23 Apr 2014   The Digital Signage World Asia
23 Apr 2014   Near Field Communication World Asia 2014
23 Apr 2014   The Internet Show Asia
23 Apr 2014   Ecommerce Show Asia
23 Apr 2014   10th Annual Trade & Supply Chain Seminar
23 Apr 2014   Cards & Payments Asia 2014
23 Apr 2014   The Mobile Show Asia 2014
23 Apr 2014   Cards & Payments Asia 2014
23 Apr 2014   Cards & Payments Asia 2014
24 Apr 2014   China Retail Focus 2014
24 Apr 2014   4th Annual Indonesia Trade & Commodity Finance Conference
24 Apr 2014   M2M World Congress
29 Apr 2014   Total Payments Mexico
29 Apr 2014   Big Data World Mexico
29 Apr 2014   Loyalty World Mexico
29 Apr 2014   FinovateSpring
29 Apr 2014   Money Transfer Dubai