Stax

DECEMBER 20, 2023

TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. The bank assumes the risk on behalf of the business and needs to make sure that they screen new businesses before handing out merchant accounts.

Underwriting

PYMNTS

DECEMBER 3, 2018

Oyster offers a pay-as-you-go model for its SMB clients, allowing businesses to add employees as they grow each pay period, and pay via electronic funds transfer (EFT) already in use from when they enrolled with their payroll provider.

Electronic Funds Transfer (EFT)

PYMNTS

OCTOBER 23, 2018

Zelle Enrollment Boost. Enrollment in the Zelle P2P service via participating FIs increased 10 percent, “resulting in more than 75 million tokens — mobile numbers or email addresses — across the entire Zelle network to date,” the company said. On Tuesday (Oct. Moreover, Zelle has its own fresh growth ideas.

Zelle

PYMNTS

OCTOBER 23, 2018

Zelle Enrollment Boost. Enrollment in the Zelle P2P service via participating financial institutions increased 10 percent, “resulting in more than 75 million tokens — mobile numbers or email addresses — across the entire Zelle Network to date,” the company said. On Tuesday (Oct. Zelle and Small Business.

Zelle

Fintech Labs Insights

NOVEMBER 13, 2015

The company impressed judges with its ID Connect solution, launched in September , which makes it easier onboard and enroll customers digitally. The solution auto-fills application fields and risk assesses the user in seconds.

Innovation

PYMNTS

APRIL 21, 2016

First, an SMS message facilitates several multi-factor authentication use cases that can be integrated into a workflow on top of risk assessment. There are a lot of different directions to go with this question. Without any data to verify against a consumer, is it easier to spoof a new customer as opposed to a longtime user?

Authentication