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.
Also known as: card laundering, draft laundering
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.
Also known as: card laundering, draft laundering
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Insignia Payment Solutions is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA.
©2023 Insignia Payment Solutions. All Rights Reserved.
Insignia Payment Solutions is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA.