MONEY SERVICE BUSINESS (MSB)

Money Service Business Compliance Solutions: Compliance Automation for MSBs

Delivering money transfer services, whether to the banked, unbanked or underbanked can be extremely challenging when payment processors and banks continue to derisk Money Service Businesses. The result is that MSBs have a difficult time meeting their customer’s needs, and customers have a harder time accessing the money transfer services they need.

What can you do? ldentityMind has a fraud prevention and compliance automation solution for integrated merchant services. ldentityMind for MSBs is an all-in-one solution that combines ldentityMind’s market-leading risk and compliance platform with IDMPay’s merchant services and payment processing. Reduce the risk of doing business by knowing your customer before diving in and risking fraud or KYC compliance.

BENEFITS

QUICKLY ONBOARD AND BEGIN PROCESSING

Simplified boarding, and easy integration to start processing payments as soon as possible.

PREVENT LOSSES WITH BUILT-IN PROTECTION

Our powerful, built-in risk platform helps prevent fraud and analyze the risk of each transaction.

EXPAND YOUR BUSINESS

Accept payments in 63 countries, perform KYC and stay on top of AML regulations almost every where in the world.

REDUCE YOUR OPERATIONAL COSTS

Integrated solution to achieve KYC, Transaction Monitoring for Anti Money Laundering, Sanctions Screening and PCI Compliance

Merchant Services and Payment Processing 

 

Processing accounts for Credit Card and ACH payments for money transfer organizations around the world. Prevent fraud and analyze risk on every transaction.

WHAT IDENTITYMIND OFFERS

Sanctions Screening

 

Improve the accuracy and efficiency screening against sanctions programs and Politically Exposed Persons (PEPs). In addition, detect individual’s known associations through public data, social network analysis, deep + dark web, and other data sources.

AML Compliance

 

Know Your Customer: Verify sender’s identities worldwide.

 

Transaction Monitoring: Create alerts to detect potential money-laundering.

Fraud Prevention Detect and prevent payment fraud, account takeovers, friendly fraud, and onboarding fraud, all in real-time.

WHY IDENTITYMIND

INTERGRATED PLATFORM

One solution for Payments, and Risk+ Compliance (KYC, Transaction Monitoring, Fraud Prevention, Sanctions and PEP screening)

SINGLE VENDOR

One integration gets you access to 20 partners for customer and business verification, document verification, device fingerprinting, and more.

SCALABLE SOLUTION

Expand safely as your business demands it. We worry about data storage, global coverage, performance, AML regulations, and the most flexible pricing model.

THE NETWORK EFFECT

The most powerful customer reputation source for Money Transmitters in the world.

KEY FEATURES

PAYMENT PROCESSING

  • Credit card and ACH processing

  • International and high-risk processing

  • Tokenization

  • Shopping cart

  • Hosted payment page

FRAUD PREVENTION

  • Exclusive MSB customer white, black list

  • Global identity validation

  • Risk scoring through machine learning

  • Automated, continuous monitoring

  • Rules, alerts, cases

SANCTIONS SCREENING

  • Built-In SAR filing

  • Social network, deep and dark web data

AND MORE...

  • Compliance reports

  • Queue management

  • Geo-fencing

  • 30+ data services, one API

TRUSTED DIGITAL IDENTITIES

Trusted Digital Identities

  • Name

  • Address

  • Payments

  • DOB

  • SSN

  • Email

  • IP Geo-location

  • Device

  • Ship to Address

  • Payment Behavior

  • Black/White Lists

  • Sanction Lists

  • Document Verification

  • Social Media

  • Carrier/Mobile Data

  • Bill to Address

  • Account Validation

  • Graph Intelligence

Trusted digital identities are digital identities that are analyzed to verify identity, to identify the most recent information and known associates, and to ultimately risk score the identity. The result is an evaluation based on the most recent picture of the entity in question.

Products

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