MoneyGram Partners With The International AntiCounterfeiting Coalition

What's Next In Payments®
4:05 PM EDT January 24th, 2013

MoneyGram has announced that it has signed an agreement with the International AntiCounterfeiting Coalition (IACC). The agreement will see MoneyGram participate in the IACC Payment Processor Portal Program, designed designed to prevent disreputable merchants from selling counterfeit goods by disabling certain payment processing channels, such as MoneyGram money transfers, to these merchants. The IACC portal program provides a system for intellectual property rights-holders, such as manufacturers of luxury goods, electronics, and consumer products, to report the illegal sale of counterfeit items. Once a claim is verified by the IACC, a third-party monitoring agent alerts affected payment processors, such as credit card and money transfer companies, to ensure the illegal merchant no longer accepts payments through these channels.

Read the full story here.

Topics:
Comments
Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Mobile
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
WEX Comes Off Q3 With Strong Results
International
Transforming Payments from Cost Centers to Revenue Drivers
B2B Payments
U.S. Bank Tries To Streamline B2B Electronic Payments
CA Technologies
Online Transacting Is Safer Than A Card Present World
View All Articles ››