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Blog Category: Merchant Underwriting

KYC Automation: You’re sold…but now how to implement?

You are convinced—automating your merchant Know Your Customer (KYC) due diligence process will greatly benefit your business. What now? How do you go from your current, manual processes to automation? The first step is picking a vendor, and to do that, you need to clearly understand your requirements. Are you trying to improve compliance, or… read more

Post Date: September 30, 2021September 30, 2021 Post Categories: Merchant Boarding, Merchant Underwriting

Learn From The Pros:
Build A Winning Merchant Portfolio

At the championship level, winning sports teams are carefully constructed—each athlete hand-selected based on their physical ability, past athletic achievements, and overall reputation. This process of player evaluation has created sports dynasties like Brazil’s national football team, who won back-to-back World Cups in 1958 and 1962, before winning a third in 1970. What if you… read more

Post Date: June 17, 2021June 18, 2021 Post Categories: Know Your Customer, Merchant Underwriting

Latin America Merchant Acquiring:
Liberalisation and Growth

The Latin America region has enjoyed strong growth in merchant acquiring volumes and the average number of transactions per adult over the past few years, according to a new report from Verisk Financial Research. Increasing volumes have compensated for reductions in the maximum MSCs. This trend will probably persist: continued growth in card uptake and usage, spurred… read more

Post Date: December 2, 2020April 21, 2021 Post Categories: Merchant Onboarding, Merchant Underwriting

Understanding Merchant Acquiring Risk: Assessments

A new report from Verisk Financial Research looks across the landscape for merchant acquiring risk in North America, including trends, developments, and opportunities. The extract below, drawing on insights from G2, looks at the significant risks facing acquirers in the e-commerce ecosystem from card networks’ assessments. An assessment is an alert raised by the card… read more

Post Date: October 6, 2020April 21, 2021 Post Categories: Merchant Onboarding, Merchant Underwriting

Merchant Boarding: The Secret to Automated KYC

From gaps in healthcare delivery to supply-chain bottlenecks, the pandemic has illuminated shortfalls in many established in-house systems. For payment providers, pivoting to a remote workforce introduces additional risk into the critical Know Your Customer (KYC) component of the merchant boarding and underwriting process. Automated KYC Risk professionals know that manual KYC due… read more

Post Date: April 15, 2020October 26, 2020 Post Categories: Know Your Customer, Merchant Boarding, Merchant Risk, Merchant Underwriting

Dramatic Rise in COVID-19 Related Scams

As COVID-19 engulfs the US, increasing numbers of unethical internet merchants are targeting consumers who are homebound, anxious—and online. According to DomainTools, over 100,000 high-risk coronavirus-related domain names have been created since January. G2 analyzed these domain names and looked for trends. We found the following: Exponential Growth In the months of January and… read more

Post Date: April 3, 2020June 11, 2021 Post Categories: High-risk Merchants, Merchant Fraud, Merchant Risk, Merchant Underwriting, Misleading Marketing Claims

Why Frictionless Merchant Onboarding is Irresistible

By: Dan Frechtling, President, Verisk Financial | G2 Last week I was in Dubrovnik, Croatia, speaking on a panel at the Mastercard GRL Cybersecurity & Risk Summit. The topic was frictionless merchant onboarding, which employs digital information capture and automated tools in place of paper forms and manual review of traditional merchant applications. It is… read more

Post Date: October 9, 2019February 14, 2020 Post Categories: Merchant Boarding, Merchant Onboarding, Merchant Underwriting

ETA TRANSACT: A Profitable Bank is a Confident One

Recently, G2 Web Services had the opportunity to attend one of the most well-established payment conferences in the…

Post Date: May 10, 2018June 11, 2021 Post Categories: Merchant Underwriting, News & Events

Top 5 Areas to Focus on During Merchant Onboarding

As the payment industry continues to undergo significant changes spurred by strong innovation and new payment methods, online merchant risks are on the rise, making it challenging for payment providers to stay one step ahead. With an increase in data compromises and government regulations, as well as new compliance concerns, the importance of performing extensive due diligence before boarding a new merchant could not be greater.

Bringing on the wrong merchant can be detrimental to your portfolio, as you could potentially bear the burden of any fraud, card network compliance violations, chargebacks and data breaches, which can cost you extensive financial damage, not to mention legal and regulatory penalties. Unfortunately, many acquirers do not thoroughly investigate their merchants’ online presence and history of risk. The good news is that many of these potential threats can be avoided by ensuring you follow the right steps and knowing exactly what to look for during the merchant boarding process.

The following are five areas of a merchant’s history to pay extra attention to at boarding:

Post Date: August 16, 2013December 10, 2020 Post Categories: Know Your Customer, Merchant Boarding, Merchant Fraud, Merchant Risk, Merchant Underwriting

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