The Key to Financial Success in 2021: Tailor-Made Risk Management

You’re agile, resilient, and prepared for the future! Coming out of a taxing year, that is you! But can you say the same about your underwriting process? Underwriting automation technology expands the capabilities of your underwriting staff by allowing you to build custom risk scorecards in a...

The Perils of Building Your Own Underwriting Automation Solution

The payments industry is continuously changing and evolving. Whether you’re a payment facilitator or independent software vendor (ISV), your risk model has to acknowledge that reality. The best practices for payfac risk management rely on underwriting automation and a custom risk scorecard. 

Powering Transformation: Merchant Speed & Adaptability

The evolution of payments has the greatest potential to transform the consumer shopping experience. Paradoxically, this transformation will take place completely out of sight of the consumer. Consumers will simply enjoy an experience that’s completely seamless and, if necessary, contactless as...

Safe at Top Speed: Faster Approvals Without Adding Risk

Payment facilitators that can reduce underwriting review and offer faster merchant approval typically increase their revenue, sometimes dramatically. However, they also dramatically increase their risk. Fortunately, there’s a better way. 

The Truth Behind Merchant Underwriting Automation Failure

Real-time Approvals for the Modern Merchant

Offering same-day merchant approvals, or even doing so within minutes, has become table stakes in merchant acquiring. Whether you’re a highly digital technology company or the most traditional acquiring bank, providing incoming merchants with an...

With Beneficial Owners, How Well Do You KYC?

Anti money-laundering (AML) and Know Your Customer (KYC) requirements form the critical underpinning of financial regulation. In recent years, there has been increased pressure on regulators to introduce additional AML and KYC reforms as a result of some high profile controversies involving...

Merchant Onboarding Vendor Evaluation Checklist

Payments organizations are under pressure to change their traditional processes for at least two reasons: margins are increasingly small due to a commoditized industry, and Payment Service Providers (PSP) such as Square, PayPal and Intuit have disrupted the business model (McKinsey, Innovation...

Meet the Experts: KYC SiteScan

In our new series, Meet the Experts, we interview top industry influencers and innovators who are shaping the future of the financial services industry.

The most important aspect of the customer onboarding process

Anyone who has opened a merchant bank account can attest that the client onboarding process is slow and complex. As margins decrease and merchant attrition increases, bank executives responsible for customer experience are searching for ways to remain competitive by understanding the problem and...

Straight-Through Processing for Faster Merchant Onboarding

Recent research by Capgemini and MIT has found that “old-world operators with traditional processes” are losing to competitors with faster, more streamlined back-office operations. One of their top recommendations to organizations who want to survive is to adopt Straight-Through Processing as a...