Merchant onboarding and monitoring for payment facilitators and PSPs
Unify merchant KYB, UBO screening, account verification and transaction monitoring. Give payments teams shared risk, investigation and operating context.
The compliance picture
Payment facilitators, ISOs, and PSPs underwrite merchants against card-scheme rules and a sponsor bank's programme. That usually means verifying the legal entity, identifying beneficial owners and control persons, screening them, checking for prohibited or high-risk business types, and monitoring transaction behaviour for laundering and excessive chargebacks. The specifics depend on the schemes and the sponsor; truvon.id provides the building blocks and the audit trail to satisfy either.
What matters most
Business verification and UBO mapping
Corporate registry retrieval, director and shareholder extraction, and recursive ownership calculation against a configurable threshold (25% by default, 10% for enhanced due diligence).
Screening the people behind the merchant
Run sanctions, PEP, and adverse-media checks on beneficial owners and signatories, not just the entity.
Transaction and chargeback surveillance
Velocity counters, structuring rules, and anomaly signals flag laundering patterns and runaway chargeback ratios before a scheme fine lands.
Underwriting decisions with a paper trail
The nine-outcome decision engine maps merchant risk to your underwriting policy, and every decision links to the registry data, screening results, and rule version behind it.
A typical workflow
Merchant application → registry lookup and UBO graph → KYC links to directors and UBOs → sanctions / PEP / adverse-media screening → prohibited-MCC and risk checks → underwrite decision → ongoing transaction and chargeback monitoring → re-verification on triggers.
Things to keep in mind
- Boarding speed vs. rigour: automate the straightforward merchants and route only complex ownership structures or high-risk MCCs to an underwriter.
- Sub-merchant scale: multi-tenant architecture keeps each portfolio or sponsor programme isolated with its own policy.
- Evidence for sponsor audits: one-click export of a merchant's full verification and monitoring history.