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Blog Category: Press

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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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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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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New KYC Governor™ solution from G2 Web Services helps banks comply with Operation Choke Point guidelines for due diligence and monitoring of merchants and third-party payment processors (TPPPs).

BELLEVUE, WA, May 8, 2014 – G2 Web Services, the leading provider of merchant risk management solutions, today announced a new merchant investigation and monitoring solution that helps banks identify and manage high-risk merchants and third-party payment processors, a focus of the U.S. DOJ probe Operation Choke Point. Operation Choke Point aims to reduce illegal transactions by targeting banks as the gateway to the payment system, opening banks and their risk management processes up to intense scrutiny. The new G2 solution, KYC Governor, helps banks prevent processing payments for illegal and fraudulent businesses by identifying them before a transaction is even initiated. KYC Governor provides in-depth merchant and third-party payment processor due diligence, plus ongoing merchant risk, fraud and reputation monitoring.

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The Fifth Annual G2 Merchant Risk Summit starts today at the historic Landmark Hotel in London. This exclusive event brings together 200+ industry leaders in merchant risk, fraud and compliance, from major card networks, leading acquiring banks, payment service providers, and risk professionals from around the world. This year’s conference theme is “Navigating Uncharted Risk”, and will feature sessions ranging from the increasing globalization of the payments industry to understanding new EU privacy standards, as well as marketplaces, merchant bust-out fraud, and cross-border crime.

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As 2013 draws to a close, I would like to take a moment on behalf of G2 Web Services to thank all of our clients, friends and associates for a very successful, productive and eventful year. In the span of a little over a year as President of G2, we have seen the scope of risks and challenges we collectively face in the payments industry continue to rapidly expand. From the emergence of Bitcoin and other cryptocurrencies, to the rise and demise of cyberlockers like Hotfile, and the explosion of online marketplaces – the risk profile of payments is changing by the day. 2013 has been a year of collaboration and innovation at G2, with an even greater focus on listening to our clients and developing new features and solutions to address emerging risks in the payments industry. As a result, G2 continues to lead the effort to understand and manage merchant risk in the payment system.

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G2 Web Services announces FraudFile, a new fraud reporting and prevention solution that enables payment providers to prevent fraud at boarding, receive fraud alerts on current merchants, and report global fraud loss data to a central, secure location. 

ST. JULIANS, MALTA, October 15, 2013 – G2 Web Services, leading global provider of merchant risk management solutions, today announced the launch of G2 FraudFile.  This fraud loss prevention solution for acquirers and payment providers identifies fraudulent and potentially fraudulent merchants at boarding and alerts participants of identified fraud on an ongoing basis. FraudFile provides a unique, global, and system-neutral location for acquirers to report fraud loss data and to protect against future fraud loss, particularly from bust-out merchants and rapidly growing fraud rings.

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G2 Listed on Annual Exclusive List of America’s Fastest Growing Private Companies, With Three-Year Revenue Growth of 115%

BELLEVUE, WA, August 23, 2013 – Today, G2 Web Services, a leading global provider of payment risk management solutions, announced that they were ranked number 2,954 on Inc. Magazine’s seventh annual Inc. 500|5000 list, an exclusive ranking of the nation’s fastest-growing private companies. G2 also ranked 82nd among the fastest growing companies in Washington State. G2 Web Services joins GoDaddy and LivingSocial, among other prominent brands featured on this year’s list.

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As the new CIO, Gunawan Herri will lead the G2 Web Services technology team in developing new payment risk management solutions, and managing the G2 Merchant Map database to enable acquiring banks and payment providers to better predict risk in their merchant portfolios.

BELLEVUE, WA, June 27, 2013 – G2 Web Services, the leading global provider of payment risk management services, today announced that Gunawan Herri has joined G2 as Chief Information Officer and Vice President of Technology. In his role, Herri will be responsible for leading the technology team in enhancing current G2 technology and developing new payment risk management technology to mitigate emerging risks facing the payments industry. Herri will manage and grow the G2 Merchant Map, an extensive database comprising billions of data points on merchant risk history, to enable acquiring banks and payment providers to better predict risk in their merchant portfolios.

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