Harbin Bank signs transaction laundering service deal

With the rapid development of cross-border e-commerce payment settlement business, Harbin Bank signed the Transaction Laundering Detection (TLD) Service Agreement with Austreme to prevent unauthorized merchants from using registered merchant accounts to submit transactions and expand the Bank’s capability in detecting and monitoring the laundering merchant sites. The TLD Service is used to control and manage the risk in handling cross-border payment transactions. Read more: finextra.com