4Stop, a KYC, compliance and fraud prevention services provider, has completed the integration of its technology into Paymentz.
A white label payment gateway solution provider, Paymentz assists payment gateway providers. It does this by managing IT infrastructure, security and compliance requirements.
In addition, the scope of its services encompasses offering end-to-end software, security, compliance and documentation. This can be used by acquirers and also payment gateways to enable smooth operations.
Following the integration, compliance and anti-fraud solution, it will gain access to premium KYC data sources.
It will also allow the gateway provider to utilise 4Stop’s real-time fraud prevention technology.
Additionally, 4Stop will perform multiple checks dynamically to offer risk-based scores and risk data analysis in real time to Paymentz.
The collaboration is expected to strengthen Paymentz’s risk mitigation and fraud prevention services for its white-labelled partners and associated transactions.
Paymentz Transactworld Group CEO Amoolya Vassa said: “Integrating with 4Stop and utilising their dynamic KYC verification technology helps us to launch our new products with absolute confidence compliance and fraud prevention is managed.
“Our new Merchant On-Boarding solution is now more user-friendly and can on-board merchants in real time, which definitely reduces cost and time for our partner’s compliance teams.”
4Stop CEO Ingo Ernst said: “We are excited to be supporting and complementing PAYMENTZ’s risk-based models for their white-labelled solutions and merchant on-boarding tool.
“Our value proposition has always been focused in solving businesses’ KYC, regulatory obligations and fraud prevention on a global scale and per localised regulation, and in a manner that removes the cumbersome process and requirement for multiple integrations to support risk-based models required for the on-going evolution of our online eco-system and regulatory landscape.”