Underwriting and Risk

Document created by jordanbarhorst on May 10, 2016Last modified by gjsissons on May 12, 2016
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Underwriting and Risk processes, procedures and documentation is an area where Vantiv can provide assistance to a service provider implementing a PayFac model.


PayFacs must demonstrate compliance with all applicable network rules, local, country and regional laws and regulations, applicable anti-money laundering (AML) laws and other regulatory requirements. Vantiv has experience and expertise in a number of these areas.


Vantiv can assist PayFacs by:


  • Helping them understand regulatory requirements
  • Assisting with documentation and screening processes for sub-merchants and helping PayFacs collect required information
  • Helping with documentation related to AML policies
  • Assistance with documenting how sub-merchant activities are monitored to ensure that they are not engaged in illegal activities and that they have refund policies in place
  • Document and provide information related to fraud related tools or services to help minimize fraud and /or risk


Learn about managing sub-merchants