Trulioo — Case Study
The
Challenge
75%
With a guiding vision to empower
partners across sales, marketing,
distribution, and the general
management of its payment
card programs, PSI-Pay is an
organization with many
moving parts.
The company specializes in managing activities
involving MasterCard, such as reporting, settlement,
approvals and any activities required by the
FCA regulatory authority — including reporting,
compliance, and Anti-Money Laundering (AML)
mandates and audits. PSI-Pay adopts a tailored
approach to every one of its customers, offering
varying levels of support based on the regulatory level
of the partner and providing sponsorship to corporate
entities who cannot or are unwilling to issue their own
credit cards.
“We’re a self-funded, privately held company with
ambitious growth goals,” explains Phil Davies, CEO at
PSI-Pay. “We’re a stable organization without reliance
on venture capitalists or any other shareholder. Due
diligence is a natural, organic part of our growth —
we become experts in local law before going into
any country, which makes sense because we cannot
always operate in the same way that we do in Europe.
We operate in Australia and are currently expanding
into China and other parts of Asia.”
Accurate, smooth and secure identity verification is
a core part of PSI-Pay’s strategy. As a self-sufficient
entity, the company takes zero chances when
developing partners and choosing technologies to help
fulfill long-term growth goals, which made partnering
with Trulioo for their identity verification an
easy choice.
PSI-Pay has put its verification
process on autopilot, with a 75%
reduction in acquisition costs.