Balancing Risk and Return: Best Practices in Merchant Onboarding and Monitoring
Report Summary
Balancing Risk and Return: Best Practices in Merchant Onboarding and Monitoring
With regtech becoming an innovation hot spot, the global market for merchant monitoring and fraud prevention will reach US$600 million in 2020.
London, 7 February 2017 – As the global payments space continues to grow in size and complexity, merchant acquirers and their partners are newly challenged to manage risk. Payment facilitators, marketplaces, and other agents acting as merchants of record make it difficult for acquirers to assess the risk in their portfolios. And while heavy competition calls for a move into higher risk segments to sustain profitability, fraud migrates from the physical world to the fast-growing online environment. Can technology help acquirers to better manage merchant onboarding and monitoring risk, and control risk and compliance function costs?
This Aite Group report surveys global acquirers’ and payment service providers’ merchant onboarding and monitoring practices and provides a forecast of the total addressable market for merchant acquiring risk solutions for the period until 2020. The report is based on Q3 2016 Aite Group interviews of executives from 20 companies active in the global acquiring space.
This 24-page Impact Report contains six figures and three tables. Clients of Aite Group’s Fraud & AML service can download this report, the corresponding charts, and the Executive Impact Deck.
This report mentions Accuity, Brighterion, Bureau van Dijk, Dun & Bradstreet, Feedzai, G2 Web Services, LexisNexis Risk Solutions, Mastercard, Owlin, Thomson Reuters, Trustwave, Trulioo, Visa, Web Shield, and Whitepages Pro.