02
Trulioo — Industry Sheet
How Service
Providers Can
Reduce Risk and
Truly Know Their
Business Customers
Payment service providers (PSPs) understand that
each new merchant they onboard presents some level
of risk. Fraud and identity theft are constant threats,
forcing PSPs to continuously balance vigilance and
smooth merchant experiences.
Efficient business verification is often at the heart of
striking that balance, enabling PSPs to create secure
environments through Know Your Business checks
and merchant risk management. The question then
is: How can PSPs achieve a level of efficiency that
provides the right amount of security and speed?