US-based Trustwave has rolled out its transaction laundering detection (TLD) service that helps acquiring banks, payment processors, payment gateways and independent sales organisations (ISOs) to monitor and manage merchant risk and offer value added services to customers.
The Trustwave TLD service can assist these firms address unlawful 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 banned by payment card brands.
Trustwave's TLD service is the latest addition to the Trustwave Web Risk Monitoring portfolio of services, which comprises content monitoring, merchant intelligence, malware monitoring, custom monitoring, and transaction laundering detection.
Since 2003, Trustwave has been providing web risk monitoring services and routinely monitors millions of merchant websites with real-time reporting to the payment card brands.
Trustwave senior vice president of global alliances Michael Petitti said: “Trustwave has the industry's leading approach and tools to identify, prevent and remediate illegal e-commerce activity.
“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.
“With more than 20 years of experience in the payment industry, Trustwave is proud to help these organisations expand their risk mitigation capabilities and provide additional security services to their merchants."