Western Union and the International AntiCounterfeiting Coalition Team Up to Help Prevent Online Counterfeit Sales
18 6월 2013 - 9:30PM
Business Wire
The Western Union Company (NYSE: WU) and the International
AntiCounterfeiting Coalition (IACC) today announced an alliance to
help identify and prevent the sale of counterfeit goods through the
IACC Payment Processor Portal Program.
A collaborative effort between the IACC and the payment
industry, the Payment Processor Portal provides a system for
intellectual property rights-holders, such as manufacturers of
luxury goods, electronics, pharmaceuticals, and consumer products,
to report the sale of illegal counterfeit goods.
“Counterfeiting is an issue that impacts a wide variety of
industries,” said Barry Koch, chief compliance officer at Western
Union. “The IACC Payment Processor Portal is a powerful tool that
is already making a significant impact. This alliance is one of the
many ways Western Union helps support the integrity of intellectual
property rights-holders.”
Once the IACC verifies a merchant claim, a third-party
monitoring agent alerts affected payment processors, like Western
Union, enabling them to take necessary actions. This service will
assist Western Union in identifying rogue merchants who sell
counterfeit materials and who encourage buyers to send payments
using Western Union Money Transfer® services.
“We are proud to have Western Union join in our efforts to
disband illegal online merchants who pose a threat to both the
integrity of brands and the safety of consumers,” said Bob
Barchiesi, president of the IACC. “An effective way to stop the
illegal trade of counterfeit goods is to disrupt the merchant’s
ability to receive payment.”
According to the IACC, as e-commerce continues to grow,
incidents of counterfeit and pirated goods sold online have spiked,
creating an attractive environment for illegal sales and an
ever-widening pool of potential customers. By 2015, the
International Chamber of Commerce estimates that $1.7 trillion in
counterfeit goods will have infiltrated international markets.
Online shopping carries its own set of risks and consumers
should do their research before committing to a purchase. The IACC
recommends the following tips to help consumers avoid purchasing
counterfeit goods:
- If the price looks too good to be true,
it probably is.
- Indicators that a product is not what
it purports to be include materials that look substandard or
packaging that contains misspellings.
- Consider the website where the product
is being sold. If the site looks poorly maintained and customer
service is not responsive, it probably is not legitimate.
Western Union has joined a number of leading global payment
processors in collaboration with the IACC’s Portal Program
initiative. The IACC and the program members have disabled more
than 1,400 counterfeit merchants to date and nearly 6,000 websites
have been reported through the IACC Portal.
About Western Union
The Western Union Company (NYSE: WU) is a leader in global
payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment
services, Western Union provides consumers and businesses with
fast, reliable and convenient ways to send and receive money around
the world, to send payments and to purchase money orders. As of
March 31, 2013, the Western Union, Vigo and Orlandi Valuta branded
services were offered through a combined network of approximately
515,000 agent locations in 200 countries and territories and
approximately 100,000 ATMs. In 2012, The Western Union Company
completed 231 million consumer-to-consumer transactions worldwide,
moving $79 billion of principal between consumers, and 432 million
business payments. For more information, visit
www.westernunion.com.
About the IACC
The IACC is a Washington, D.C.-based non-profit organization
devoted to combating product counterfeiting and piracy. Formed in
1979, the IACC is comprised of a cross section of business and
industry from the automotive, apparel, pharmaceutical, software,
entertainment, and consumer products sectors, including many of the
world’s best-known brands. The touchstone of the IACC’s mission is
to combat counterfeiting and piracy by promoting laws, regulations,
and directives designed to render the theft of intellectual
property undesirable and unprofitable.
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