Latest News & Updates

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  FDA Warning Letters for Kratom Merchants Could Mean Steep Fines for Payment Processors

  

  By David Khalaf

  on May 30, 2018

  The US Food and Drug Administration recently issued warning letters to three businesses marketing and distributing kratom for making unproven claims about their products on their websites and social media, including the claim it can help in the treatment of opioid addiction and withdrawal. These claims make the products unapproved new drugs sold in violation…

• How Does the Partial Rollback of Dodd-Frank Affect Payment Facilitators and UDAAP?

  

  By David Khalaf

  on May 24, 2018

  The US House of Representatives voted this week to repeal parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the 2010 legislation that brought significant changes to financial regulation in the United States after the Great Recession. Because Dodd-Frank led to the creation of the Consumer Financial Protection Bureau (CFPB), payment facilitators and…

• Apetamin: An Unapproved Drug Masquerading as a Vitamin Syrup for Weight Gain

  

  By LegitScript Folks

  on May 10, 2018

  A search of “Apetamin” online yields pages of results of websites selling brown bottles with bright orange labels. Many search results include social media accounts showing full-body selfies of women who attribute their curves to this “weight gain syrup.” But Apetamin is not a harmless vitamin supplement as payment facilitators might think – it’s a…

• We Answer Your Questions About LegitScript’s Addiction Treatment Certification

  

  By LegitScript Folks

  on May 08, 2018

    Last month, LegitScript launched a new certification program for drug and alcohol addiction treatment providers aimed at reducing the influence of opportunistic providers that have been cashing in on patients’ recovery efforts and insurance billing opportunities. The program is also an opportunity for legitimate providers that are certified and monitored by LegitScript to advertise…

• Ghost Guns Pose Reputational Risk for Payment Facilitators

  

  By David Khalaf

  on April 30, 2018

    Payment facilitators typically prohibit merchants selling firearms because of card brand rules, and because the complex web of jurisdictional laws in the US makes it difficult to track the legality of weapon purchases. Despite this prohibition, some merchants try to skirt the terms and conditions of payment processors by selling firearms that aren’t technically…