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Factoring

When a merchant processes sales through his or her merchant account on behalf of another merchant. Laundering violates the terms of merchant agreements. Also called draft laundering and factoring.

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©2024 Insignia Payment Solutions. All Rights Reserved.

Insignia Payment Solutions is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA. The Clover name and logo are owned by Clover Network, Inc. a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries.

©2024 Insignia Payment Solutions. All Rights Reserved.

Insignia Payment Solutions is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA. The Clover name and logo are owned by Clover Network, Inc. a wholly owned subsidiary of First Data corporation, and are registered or used in the U.S. and many foreign countries.