As we start the second half of the year, it is apparent that one of the top issues that payments providers need to be on top of is Operation Choke Point. Operation Choke Point is an effort by the federal government to cut off fraudulent merchants’ access to the financial system. While the payments industry may agree with the ultimate goal of removing unseemly players, over the past few months, the Justice Department (via the FTC) has created a sense of uncertainty around what merchant types are “high risk” and therefore not suitable to process electronic transactions.
Recent Posts
- TransactionWatch – Week of September 21st – September 25th
- Stripe Makes Enterprise Push as Potential IPO Looms
- China’s Ant Group launches cross-border trade platform to support SMEs
- Clearent Acquires Field-Services-Management Solution Wintac
- Intuit Launches Omnichannel Sales Platform QuickBooks Commerce
- Payments giant Paytm says Google’s Android monopoly is of grave concern to Indian start-ups
- Mesh Payments Launches its Cardless Payments Solution to Streamline Corporate Spending, Free of Corporate Cards
- MetaBank Announces Partnerships with Finix and TabaPay to Offer Faster Payments
- Chime is now worth $14.5 billion, surging past Robinhood as the most valuable U.S. consumer fintech
- TransactionWatch – Week of September 14th – September 18th