Bullet-proof payment processors

Hongwei Tian, Stephen M. Gaffigan, D. Sean West, Damon McCoy

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Abstract

    Abusively advertised online counterfeit luxury goods sales are a complex operation that requires accessible and reliable payment processing to transfer money from customer to merchant. Payment interventions have become one of many methods to combat this activity. In this paper, we examine the effectiveness of an intervention in the face of bullet-proof payment processors and possibly lessening fines levied by Visa Asia against banks found underwriting accounts for merchants violating intellectual property. Our study includes measurements from 424 successful test counterfeit luxury goods purchases over two years and direct interactions with payment processors associated with our purchases. We find that our long-running payment intervention results in a test purchaser detection and evasion arms-race with the bullet-proof processors. We also find that only one bank, the Bank of China, continues on boarding a majority of counterfeit luxury goods merchants for the entire two year period.

    Original languageEnglish (US)
    Title of host publicationProceedings of the 2018 APWG Symposium on Electronic Crime Research, eCrime 2018
    PublisherIEEE Computer Society
    Pages1-11
    Number of pages11
    Volume2018-May
    ISBN (Electronic)9781538649220
    DOIs
    StatePublished - Jun 8 2018
    Event2018 APWG Symposium on Electronic Crime Research, eCrime 2018 - San Diego, United States
    Duration: May 15 2018May 17 2018

    Other

    Other2018 APWG Symposium on Electronic Crime Research, eCrime 2018
    CountryUnited States
    CitySan Diego
    Period5/15/185/17/18

    Fingerprint

    Intellectual property
    Sales
    Processing
    Payment
    Merchants
    Counterfeit
    Luxury goods
    Purchase

    Keywords

    • Economics
    • Measurement
    • Security

    ASJC Scopus subject areas

    • Computer Networks and Communications
    • Computer Science Applications
    • Information Systems
    • Information Systems and Management

    Cite this

    Tian, H., Gaffigan, S. M., Sean West, D., & McCoy, D. (2018). Bullet-proof payment processors. In Proceedings of the 2018 APWG Symposium on Electronic Crime Research, eCrime 2018 (Vol. 2018-May, pp. 1-11). IEEE Computer Society. https://doi.org/10.1109/ECRIME.2018.8376208

    Bullet-proof payment processors. / Tian, Hongwei; Gaffigan, Stephen M.; Sean West, D.; McCoy, Damon.

    Proceedings of the 2018 APWG Symposium on Electronic Crime Research, eCrime 2018. Vol. 2018-May IEEE Computer Society, 2018. p. 1-11.

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Tian, H, Gaffigan, SM, Sean West, D & McCoy, D 2018, Bullet-proof payment processors. in Proceedings of the 2018 APWG Symposium on Electronic Crime Research, eCrime 2018. vol. 2018-May, IEEE Computer Society, pp. 1-11, 2018 APWG Symposium on Electronic Crime Research, eCrime 2018, San Diego, United States, 5/15/18. https://doi.org/10.1109/ECRIME.2018.8376208
    Tian H, Gaffigan SM, Sean West D, McCoy D. Bullet-proof payment processors. In Proceedings of the 2018 APWG Symposium on Electronic Crime Research, eCrime 2018. Vol. 2018-May. IEEE Computer Society. 2018. p. 1-11 https://doi.org/10.1109/ECRIME.2018.8376208
    Tian, Hongwei ; Gaffigan, Stephen M. ; Sean West, D. ; McCoy, Damon. / Bullet-proof payment processors. Proceedings of the 2018 APWG Symposium on Electronic Crime Research, eCrime 2018. Vol. 2018-May IEEE Computer Society, 2018. pp. 1-11
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