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BidPay was a popular payment method for auction sellers based in North America because there was no chargeback or reversal risk, as there was with competing services such as PayPal. The buyer of an item or service was responsible for all fees, and US sellers had the option of receiving an ACH payment direct into their bank account. However ...
By using instant payment mechanisms such as Western Union, the mule allows the thief to transform a reversible and traceable transaction into an irreversible and untraceable one. [5] If an innocent third party's bank details have been compromised, they can be used as a mule without their knowledge, something sometimes called "Cuckoo smurfing". [1]
Western Union Telegraph Building, lithograph. The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.. Founded in 1851 as the New York and Mississippi Valley Printing Telegraph Company in Rochester, New York, [3] the company changed its name to the Western Union Telegraph Company in 1856 after merging with several other telegraph ...
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November 4, 2015: The acquisition of PAY.ON who provide white-label hosted payment gateway services was completed. [28] February 28, 2019: ACI enters agreement to acquire Speedpay, [29] Western Union's U.S. bill pay business, for $750 million [30]
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