All Posts Tagged With: "tmf"

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The Jig is Up, Guys!

Seems that a long kept secret is out. Seems like Wachovia (NYSE WB), Wells Fargo (NYSE WFC) and many other banks have gotten caught with their hands in the cookie jar. While banks have often been once removed from “illegal merchants” it seems regulators have wised up to the practice of looking the other way […]

8Feb2008 | Riley Poole | 6 comments | Continued
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Merchant Service Providers Encourage Fraud and Chargebacks

So here is how the scam works, once one of the merchant providers hint at a problem with a merchant, they will begin applying restrictions, making unreasonable demands and reducing limits, all in the efforts to distract the end merchant. When the merchant eventually falters, the merchant service provider will hold back several weeks of […]

8Jan2008 | Riley Poole | 5 comments | Continued

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