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.
- V/MC Reach Settlement | Stripe Moves Into Brick-and-Mortar | Newegg Gets Breached
- Stripe moves into in-store payments
- China UnionPay reveals plans to take on Visa, Mastercard in Europe
- TSG Served as Portfolio Advisor to Talus in its Acquisition of Prolific Business Solutions
- The Crypto Crash of 2018
- Mastercard partners with Microsoft in an attempt to boost services offerings
- TSG Big Data: Profitability of Merchants in the U.S.
- TSG in Digital Transactions: Gateway Operators Slice Transaction Time in Half As Uptime Average Nears 100%
- Hackers “Take Off” with British Airways Data
- Elavon Acquires Virginia-Based Electronic Transaction Systems