January 9, 2017 by Canadian Underwriter
Trustwave has expanded its suite of merchant risk management services with the release of a transaction laundering detection (TLD) service designed to helping with monitoring and managing associated risk.
The product is designed for acquiring banks, payment processors, payment gateways and independent sales organizations (ISOs), notes a statement Monday from Trustwave, which uses cloud and managed security services, integrated technologies and security experts to help businesses fight cyber crime, protect data and reduce security risk. Headquartered in Chicago, the company has customers in 96 countries.
“The Trustwave TLD service can help these organizations address illegal and undisclosed e-commerce transaction aggregation in which a website for a legitimate business is used to mask a hidden website selling goods or services prohibited by payment card brands,” notes a statement from the company, which has offered web risk monitoring services since 2003.
The new service is the latest addition to the company’s Web Risk Monitoring portfolio, which includes content monitoring, merchant Intelligence, malware monitoring, custom monitoring and TLD.
“Integrating the new transaction laundering detection service into our web risk monitoring service offers acquiring banks, processor, gateways and ISOs a powerful tool to help protect their reputation and comply with card brand standards,” Michael Petitti, senior vice president of global alliances at Trustwave, says in the statement.