Take complete control of your risk management with Merchant ScanXpress. Maintain multiple scorecards for different partners based on credit scores, risk flags, and volume thresholds. Custom Scorecards increase application volume and provide smart analytics to guide decisions while mitigating risk and providing an audit trail.
Increase processing volume
Payment Facilitators and Integrated Software Vendors have an opportunity to automate more risk decisions and increase merchant acquisition velocity. Conduct automated underwriting at scale as your merchant and submerchant business grows, with oversight into channel partner risk decisions. Gain KYC and KYCC (know your customer’s customer) insight at a glance with smart reporting.
Out-of-the-box KYC and AML underwriting automation
Whether you’re experienced or new to underwriting, our cloud-based Underwriting as a Service (UWaaS) allows you to configure your own risk models in minutes. Configure as many scoring models as required for your ever-changing business needs. We have a library of more than 100 pre-configured scoring rules to help you get started. Leverage Progressive (stepped) Underwriting to lower the third-party data costs of onboarding submerchants.
Accept payments faster
Provide your merchants with a frictionless application experience that accelerates near-instant approvals for payment acceptance like a payment facilitator. Leverage third-party data, instant field validation, and merchant profiles to gather less information upfront while getting a more holistic view of who they are.
Business insights with one click
Automating a large portion of the underwriting process allows the underwriting team to spend more time focusing on complex decisions and reviewing simple automated ones rather than finding and interpreting all of the information themselves. Focus on potentially risky merchants and gain risk insights at a glance.
“This solution streamlines and saves me so much time to the point I would call it a necessity.”
— Wholesale ISO from Ohio
“Anyone who comes from any sort of Underwriting background should have no issues figuring this out. It does what it says and it works very well.”
— PayFac in Colorado
With innovative fintech companies approving your customers in minutes, you can’t afford not to have a digital, automated underwriting process. Find out how we can help you underwrite merchants faster and maximize revenue. Schedule a call and let’s talk!