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Blog Category: News

LONDON, UK, February 26th, 2015 — G2 Web Services, the leading provider of merchant risk management solutions, and Zoot Enterprises, a global provider of advanced instant credit decisioning, risk management, loan origination and workflow management solutions, announced the integration of their merchant boarding capabilities today at the 6th Annual G2 Merchant Risk Summit.

The partnership enables Zoot to embed the G2 Compass Score into its full suite of merchant due diligence services. The G2 Compass Score provides a predictive risk score that helps financial institutions enhance the speed, efficiency and accuracy of their underwriting decisions and support better data-based merchant assessments.

Zoot’s zMerchant® onboarding and risk monitoring solution is designed to efficiently evaluate new merchant applications in real time for merchant acquirers, ISOs and others seeking to establish new merchant accounts. Additionally, the solution proactively monitors merchant transactions and applies automated risk triggers to signal potential problems.

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BELLEVUE, WA,  September 22, 2014 – G2 Web Services, a leading global provider of payment risk management services, today announced that Allison Guidette has been appointed as Chief Executive Officer. With deep understanding of Big Data, software, and services businesses, Guidette is uniquely poised to lead G2 in its next stage of service to the fast-evolving payment processing industry.

Guidette brings more than 15 years of general management experience in information and technology for professional services clients. She most recently honed her commitment to customer-focused innovation and service as managing director of the large law firms business at Thomson Reuters.

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Using FraudFile – G2’s innovative fraud prevention tool for boarding and due diligence – a G2 Web Services client identified 54 merchants who had previously been terminated for fraudulent activity, were operating additional active accounts in their portfolio.

These 54 merchants represented more than $1 million dollars in previous fraud loss.

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BELLEVUE, WA, September 05, 2014 – G2 Web Services, the leading provider of merchant risk intelligence solutions, has been nationally recognized with the 2014 When Work Works Award. The award honors businesses that actively provide effective workplace strategies that encourage and increase employee successes. The award is administered by the Families and Work Institute (FWI) and the Society for Human Resource Management (SHRM), and granted to employers that foster outstanding professional workplaces.

“A healthy and positive work environment encourages creativity, drive, and dedication – qualities we continue to see from our employees at G2 Web Services,” says Rory Liebhart, Vice President of Finance & Administration at G2. “We strive to provide a rewarding work environment and I believe our ongoing success is a real testament to that.”

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The ins and outs of payday lenders

Payday lending is an industry with global presence and growing numbers. In the UK, it is estimated that 8.2 million loans were taken out from 2011-2012, amounting to about £2.2 billion. In the US, payday loans have an annualized percentage rate between 360% – 780%, for a two-week loan (yes you read those numbers correctly, they aren’t typos).

With these shocking numbers in mind, government and card networks are being more diligent when it comes to payday lenders. As a repercussion, acquirers are hesitant to keep or board these ‘high-risk’ merchants. Let’s take a closer look at the payday loan industry and ways to help you remain compliant and profitable when dealing with these risky businesses.

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G2 Web Services adds G2 Compass Score API to its KYC Governor™ solution, enabling banks to predict merchant and ACH originator risk and profitability in real time.

BELLEVUE, WA, August 27, 2014 – G2 Web Services, the leading provider of merchant risk intelligence solutions, today announced the addition of the new, predictive G2 Compass Score API to its KYC Governor solution. G2 Compass Score is a powerful tool that helps banks evaluate companies’ risk levels before taking them on as customers, and predict how profitable they will be for the bank. As part of KYC Governor, a merchant and ACH originator due diligence and monitoring solution, G2 Compass Score API will speed up merchant evaluation and help banks better manage risk. This unique score pulls from a decade of proprietary business risk history data gathered from monitoring and analyzing the risk of millions of global merchants and billions of data points.

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The Many Faces of Merchant Bust-Outs

According to ACI Worldwide, 50% of bust-out merchant fraud cases go unnoticed. Bust-out merchant fraudsters rack up high volumes of illegal transactions and then disappear, leaving others responsible for the subsequent chargebacks. As in a masquerade ball, fraudsters are able to go unnoticed, appearing to blend in as good merchants. Since different types of bust-out merchant fraud takes advantage of different aspects in the payments processing cycle, knowing the different types of merchant bust-out fraud can help lower the rate of undetected cases.

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Introducing the G2 Compass Score

Navigating merchant due diligence is a balancing act of selecting the right mixture of merchants. While high-risk merchants bring some risk (not just in the name), boarding merchants within your appropriate risk level can help grow your portfolio – ultimately increasing revenue. To perform proper due diligence, you must have the most up-to-date, detailed merchant information possible. Without a good due diligence process, it can be extremely time consuming to differentiate the good merchants from the ones that don’t fit your business.

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How using APIs leads to better business decisions

“Businesses are increasingly recognizing APIs as a key ingredient to participate in the digital economy” (Björn Goerke, Forbes article).

With access to countless amounts of data at our fingertips, the future is being paved by Application Programming Interfaces, or APIs. Simply put, an API is a software program that allows one software program to interact with another software program. Any two-computer systems, regardless of location or operating system, are able to communicate using APIs. This, and the fact that they are built modularly, allows for APIs to bypass many problems commonly associated with getting two different software programs to communicate.

Think about any time you have seen a Google map on a website – this is being populated by an API that has made a call to the Google service. That is an API at

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From March 2011 to March 2013 it was reported that more than 60 new mug shot websites were created (ABC News), posting hundreds of individuals’ photos. These sites, due to open record laws, post pictures of people that have been arrested, obtained from various law enforcement resources.

Law enforcement sites can be reliable sources of information; however, the issue lies in the way that the mug shot websites repost the material. Some of the people whose mug shots appear are later found innocent, and the charges are dropped. However, these sites do not have a system to vet out these innocent individuals

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