Effective, Scalable Merchant Risk Management

The Challenge

Payoneer, a financial technology company empowering the world’s small and medium-sized businesses to transact, do business, and grow globally, endeavored to enhance the rigor of its merchant ecosystem while maintaining compliance with regulations and card scheme requirements.

The company sought a reliable vendor with a robust solution to mitigate the inherent risks financial institutions, such as Payoneer, encounter daily. This collaboration supported the adherence to the strict regulatory standards and requirements while simultaneously bolstering the controls to safeguard the organization. 

Extensive Expertise for Complex Challenges

Payoneer collaborated with G2 Risk Solutions, a leading provider of merchant risk intelligence, to assist in preventing and detecting unauthorized activities occurring on the platform. One of the key factors that led Payoneer to select G2 Risk Solutions was the in-house team of experienced risk and fraud analysts. G2 Risk Solutions’ global presence and keen understanding of the complexities of cross-border online commerce was also a crucial benefit.

Working with the G2 Risk Solutions Risk Intelligence team provides invaluable data and analysis in robust, evidence-based reports. These reports assisted in Payoneer identifying and removing potentially high-risk merchants early in the onboarding process, as well as on an ongoing basis.

Leveraging the expertise of the G2 Risk Solutions team, Payoneer outlined a list of attributes that were considered high risk, according to their acceptable use practices (AUP). These high risk-characteristics included potential activity in Forex/binary options trading, pharmaceuticals, IP rights infringement, marijuana, and more. Scanning for specific violations ensures that Payoneer receives relevant, actionable findings.

G2 Risk Solutions and Payoneer: Addressing Critical Needs

The partnership between Payoneer and G2 Risk Solutions has proven to be instrumental in addressing the challenges associated with ongoing merchant monitoring by deploying its state-of-the-art risk management solutions.

Through the expertise of their risk and fraud analysts, and G2 Risk Solutions’ sophisticated analytics and real-time monitoring tools, Payoneer is able to detect and respond to suspicious activities swiftly.

Moreover, G2 Risk Solutions’ continuous updates and improvements to its risk management solutions ensure that Payoneer’s defenses remain robust against regulatory requirements, evolving threats and illicit activities. This dynamic capability is crucial for Payoneer, which operates in a rapidly changing global financial landscape.

In sum, Payoneer has achieved increased compliance, proactive risk mitigation, and more secure customer experiences. The partnership between G2 Risk Solutions and Payoneer not only strengthens Payoneer’s security measures, but also ensures compliance with global regulatory standards, fostering a safer financial environment for its users.

G2 Risk Solutions is proud to partner with Payoneer in safeguarding their merchant ecosystem.e team save time, improve accuracy, and focus attention on cases that require deeper review.