Underwriting Risk
Fraud Protection Partnership: Five Critical Questions Payment Facilitators Should Be Asking
Fraud is something you never think about until it happens. Unfortunately, millions of people are finding out first hand just how frustrating the whole experience can be.
Read MoreIs Frictionless Onboarding Too Risky?
With frictionless underwriting, it’s easy to sign up for merchant accounts in seconds. If that’s the case, what’s to keep bad actors from signing up for multiple accounts, with multiple service providers?
In the latest in our series of industry perspectives on frictionless onboarding, we talk to Danny Klein, the COO of cyber risk intelligence provider EverCompliant, about how risk has evolved along with the practice.
Read MoreQ&A: The Risks and Benefits of Frictionless Underwriting
The advent of frictionless underwriting turned the payments world on its head. The ability to onboard merchants quickly with a minimum of fuss has enabled small merchants to accept payments more easily, clearing the way for many more to enter the market.
But the practice does have its downside. Lowering barriers to entry into the payments system lowers them for everyone, not just the good guys. With that in mind, PaymentFacilitator.com is beginning a series on the perils and the benefits of frictionless underwriting.
Read MorePodcast: Underwriting Submerchants – How Responsible Are Acquirers?
Last week, we spoke with Deana Rich about the special considerations behind underwriting payment facilitators. This week we take our focus on underwriting in the payment facilitator space a step farther. We talk with Eric Haru, executive vice president, Risk and Compliance, for Merchant e-Solutions about underwriting submerchants.
Read MorePayment Facilitators and Risk: How the Market Views Submerchants
There is plenty of evidence that the payment facilitator market will grow significantly over the next few years. There are multiple drivers for this growth, including the belief that the increased complexity of compliance/security requirements for merchants will generate more interest in this payments model.
Although there is general agreement that the growth potential is large, there is a divergent set of opinions on how risky the model is, and how risk needs to be approached.
Read MoreAre APIs Vulnerable? Two Crucial Places PFs Should Focus Now to Help Mitigate Risk
In the payment facilitator world, APIs are everywhere you look. In many cases, they’re the mechanism that allows the system to work – enabling payments infrastructure to integrate with other functions in a way that solves businesses’ unique problems.
So not surprisingly, API security is a hot topic. Does the use of APIs leave merchants more vulnerable to fraud? What are the special security considerations?
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