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G2 Web Services and Aperia Announce Collaborative Program to Fight Transaction Laundering

BELLEVUE, WA - G2 Web Services, a Verisk Business, and Aperia announced the launch of Datafusion, a collaborative integration program that maps fraudulent networks and fights transaction laundering.

Datafusion utilizes G2's crawling efforts and merchant history combined with Aperia's transaction data. The solution is available to acquirers utilizing both G2 Transaction Laundering Detection and Aperia's VisionWeb® Fraud Management tools.

Transaction laundering occurs when seemingly legitimate merchants process credit card transactions for unknown, and often illicit, businesses. Syndicates or fraud rings are becoming more and more common through a tangled web of e-commerce websites, front websites, different payment options and illegal goods and services. A recent fraud network map started with a single Datafusion lead and through the process exposed twenty-two different front merchants and twenty-eight front sites.

G2 Transaction Laundering Detection is the world's most widely-adopted solution and helps acquirers, payment service providers, payment facilitators and independent sales organizations avoid digital money laundering with a multi-layered "defense in depth" approach.

"The value in Datafusion for G2 and Aperia's joint clients is tremendous," said John Nix, Head of Sales & Marketing for Aperia. "Both G2 Web Services and Aperia have a significant focus on data and the use of data science to protect our clients from fraud. By collaborating, our solutions are made even stronger."

"Transaction laundering is a problem that plagues the entire payments industry," Dan Frechting, Chief Product Officer, G2 Web Services. "As risk and compliance professionals improve efforts, so do the fraudsters. The collaboration between G2 and Aperia is the first of its kind in our industry and allows us to map the fraud network through multiple data points, giving acquirers the advantage."

With over seventeen years' experience, Aperia specializes in big data analytics and reporting for the payments industry. Trusted by over 150 processers, ISO's and banks, there are over 6 million merchants use Aperia products today. With solutions for Merchant Lifecycle Management, Boarding, Transaction Reporting, Merchant Risk Monitoring, PCI Compliance, Tax Reporting and Residual Payments, Aperia is the trusted vendor to payments industry.

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