Blog

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: Posted on September 30, 2021September 30, 2021 Post Categories: Merchant Boarding, Merchant Underwriting

KYC Automation: Build? Buy? Wait?

Automating KYC due diligence typically requires help from a third-party provider or an in-house team to develop the software for you. As a merchant acquirer, you might not have the time or resources to build the solution yourself, given that most of your time is spent on gaining new clients. So, the question is, when… read more

Post Date: Posted on July 23, 2021July 29, 2021 Post Categories: Know Your Customer, Merchant Onboarding

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

Manual KYC is Jeopardizing Your New Merchant Accounts

You want to scale your merchant acquiring business, and new merchants want fast underwriting, so why not just stamp “Approved!” on every new application and enjoy a meteoric rise in revenue?  We all know the reasons: Conducting Know Your Customer (KYC) due diligence is required. Even if it wasn’t required, you want to do it… read more

Post Date: Posted on February 7, 2021 Post Categories: Know Your Customer, Merchant Onboarding

Nutraceutical Marketing and Regulatory Risk

When onboarding a nutraceutical merchant, how do you know which claims are compliant versus which claims cross the line? Obviously, a dietary supplement cannot be marketed with claims to miraculously cure COVID-19, but can it be marketed to relieve joint pain? Or reduce inflammation? What if the merchant’s website is claim-free, but its social media includes claims to help treat hypertension? Can a merchant… read more

Post Date: Posted on May 18, 2020July 7, 2020 Post Categories: Blog, False Claims, FDA, Merchant Risk, Misleading Marketing Claims, Nutraceuticals, Problematic Health Claims

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

5 Opportunities You Don’t Want to Miss!

The G2 Risk Summit Series returns as one of the premier payment events of 2019. Though it seems like yesterday, 10 years have passed and it’s time we celebrated. Together we have witnessed the transformation of…

Post Date: Posted on September 13, 2018June 11, 2021 Post Categories: High-risk Merchants, Merchant Fraud, Merchant Risk

Vote Against Transaction Laundering and Payment Laundering

G2 has been named a winner in the Fraud Fighter category by the 2017 Pay Awards. We are honored G2 Payment Laundering Detection has been selected as a successful method to help our clients…

Post Date: Posted on May 17, 2017 Post Categories: Blog

New! Why Cybercrooks Love Alternative Payments

Fraudsters are always looking for unsuspecting payment types that can be used to perpetrate their crimes. The increased consumer and merchant usage of alternative payment methods (APMs) have quickly increased the attention of both…

Post Date: Posted on March 14, 2017 Post Categories: Blog

Business Classification Best Practices — How to Reduce Risk and Increase Revenue (Part 2)

As illustrated in part one of this G2 Web Services blog on Business Classification Best Practices, significant risk lie hidden in the portfolios of banks and TPPPs unbeknownst to…

Post Date: Posted on November 22, 2016March 11, 2019 Post Categories: Blog