Kiting, or cheque kiting, is a fraudulent scheme involving the alteration or issuance of a cheque or draft with insufficient funds. Individuals take advantage of the extended period of time needed for clearing by writing “bad” cheques to deposit funds into a savings account or bank account, for example, before the cheques are cashed.
This practice is no longer very common in the UK as cheques are no longer widely used.
Payment Processing Services by NOIRE PAY
NOIRE PAY & NOIRE provides industry leading online payment processing services & risk management technologies. Designed using NOIRE PAY’s, “Simply Switch On”, approach to payment processing, our payment solutions are built using the latest payment processing technology enabling businesses to “Plug In” and “Switch On” payment modules with ease if and when required.
As a leading Payment Service Provider, you can trust NOIRE PAY to find the right solution for your business. We provide everything in one simple agreement – your Internet Merchant Account, Payment Gateway and Payment Processing with all the leading cards issuers. Combined with NOIRE’s industry leading fraud & risk management solutions, merchants can be confident managing their payments safely and securely from beginning to end with NOIRE PAY.
Join NOIRE PAY today or contact us on +44 (0) 203 283 4585 of more information.