[mcaguru]

FYI any funder processing over 500 files per day are going to see fraud/altered statements etc etc all the time !

[NoBigDeal]

FYI any funder processing over 500 files per day are going to see fraud/altered statements etc etc all the time !

I'd say on every 100 submissions there are about 10-15 files that are fraud/altered, but I suppose it's debatable

[demriolp]

FYI any funder processing over 500 files per day are going to see fraud/altered statements etc etc all the time !

That's a pretty fair statement. Due diligence combats a lot of these types though. Usually paying enough attention to minor details and calling the merchant out on it will prevent fraud from going that far. I don't see how an ISO can commit fraud with someone else's business and fund their company, it seems unrealistic....however not impossible, obviously.

[Velocity Capital Group]

That's a pretty fair statement. Due diligence combats a lot of these types though. Usually paying enough attention to minor details and calling the merchant out on it will prevent fraud from going that far. I don't see how an ISO can commit fraud with someone else's business and fund their company, it seems unrealistic....however not impossible, obviously.

True, And It will only get worse. Keep both eyes open!

[Mynameisbob]

That a nice house though