Merchant Boost | Application
Merchant Boost is the live data solution provider equipping financial service companies with solutions that fill the gap between historical, real-time and live data information, to improve marketing, underwriting, and collections. We are transforming fintech with innovative payment instrument data and solutions, increasing credit access to the financially underserved, and reducing processing fees for borrowers and creditors.
Consumer lending, underwriting, payments, processing, financial technology, payment instrument
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Application

Unlock actionable insights with a real-time view that authenticates a consumer’s identity and associated payment instruments, phone, email, and address.

 

We help financial service providers verify payment instrument’s status, ownership, balance and funds, detect fraud and ensure compliance.

Our application solutions ensure that you know a person is who they say they are and that their payment instruments are valid and in good standing, improving the overall customer experience.

Services:

BAV

BANK ACCOUNT VERIFICATION

Manage your consumer’s bank account authentication and overall credit risk in real time.

 PRE-BOOST

Improve your credit risk assessment process with live data, to more effectively determine a consumer’s financial risk level.

PHONE BOOST

Quickly verify phone ownership, type and even carrier information.

FRAUD & REP

Identify unusual patterns & behaviors of payment accounts and transactions from banks, processors, digital identities and MSB’s.

MULTUM ID

Verifies and scores association of customer identifiers most commonly submitted as part of the application process.

CARD ACCOUNT VALIDATION

Validate account status and detect fraud to provide real-time analysis of payment instrument.

BAV

Bank Account Verification

BAV is a comprehensive service suite that delivers actionable insights on the bank accounts used by your consumers. This suite, made up of non-credentialed services, can be combined and configured according to the financial service provider’s needs, based on ownership, balance, status and funds.

Key Features

Confidence Score 

A real-time, predictive score that evaluates and links hundreds of data points

Ownership

Verifies whether a consumer owns the bank account information presented

Risk

Identifies risk characteristics based on negative characteristics and status of the consumer’s bank account

Key Benefits
  • Zero friction to consumers
  • Reduce loan defaults and losses
  • Verify funds availability
  • Reduce ACH processing fees
  • Reduce ACH NSF returns
  • Protect consumers from excessive bank fees
  • Ensure regulatory compliance
  • Improve card processing performance metrics
pre-boost

Pre-Boost

Pre-Boost is the first and only FCRA based scoring model that leverages live data from payment instrument sources. This innovative suite, combines the best of all of our application related services to provide real-time, non-credentialed bank account status and negative payment transactions.

Key Features

ID

Validates payment instrument and verifies identity, name, address, phone number, and email address

Compliance

Ensures compliance, screening against MLA and 300 other sanctions and global watch lists

Fraud

Detects fraud and negative reputation

Key Benefits
  • Reduces unnecessary payment processing fees
  • Helps improve  NACHA and card brand compliance
  • Leverage hundreds of payment instrument attributes for risk modeling
  • Improves KYC with name, address, phone and email verification
  • Reduces fraud by detecting unusual payment processing and account creation patterns
phone boost

Phone Boost

Phone Boost is a comprehensive suite of services that provide detailed, actionable intelligence to strengthen authentications, evaluate fraud risks, and enhance the user experience.

Key Features

Risk Score 

A real-time score to determine overall risk and reputation associated with phone number

Verification

Verifies ownership and identifies phone type, make, model, and carrier as well as overall status of account, including active and disconnected

Negative Attributes

Discovers attributes typically associated with fraud, such as, has number ever been deactivated, when and by which carrier. Determines if device is reachable, its roaming status (and in which country), as well as when the account was last modified

Key Benefits
  • Strengthens and validates user identification
  • Reduces fake accounts
  • Informs risk models
  • Improves conversions and accuracy of collected info
  • Determines optimal channel for message delivery