LegitScript Accelerates Payments Ecosystem Momentum in 2024

March 05, 2024 at 09:00 AM EST

New product capabilities, leadership, partnerships, and innovation efforts are all designed to deliver increased client value.

LegitScript, the leader in merchant and product certification and monitoring in the e-commerce and payment sectors, is pleased to announce several significant developments that signal its continued success, momentum, and commitment to the payments ecosystem:

Upgraded Merchant Monitoring User Interface: LegitScript recently released a significant upgrade to its portal for Merchant Monitoring clients. The updated product experience, which was designed based on extensive user research, is faster and more user-friendly and includes new personalization options that make it easier for clients to maximize the value of LegitScript’s solution. All LegitScript Merchant Monitoring clients have access to the new user interface and the option to exchange data via LegitScript’s API at no additional cost, providing flexibility to integrate LegitScript’s analysis into their existing workflows.

Enhanced Merchant Onboarding Solution: Today, LegitScript launched new enhancements to its Merchant Onboarding solution, which now includes a fully integrated suite of Know Your Business (KYB) data checks. LegitScript’s enhancements to its Merchant Onboarding combine essential KYB checks — such as business information, watchlist, adverse media, email address, and phone number — with RiskCheck, LegitScript’s unique merchant risk assessment solution. This enables clients to make more confident decisions when considering whether or not to onboard a new merchant.

Expanded OneView Data Platform: LegitScript has expanded its capabilities through partnerships with Persona and the Anti-Human Trafficking Intelligence Initiative (ATII), incorporating their premier data into OneView, our proprietary AI-powered data intelligence platform. These new insights will enhance both our onboarding and monitoring processes, now enriched with unparalleled Know Your Business (KYB) insights, human trafficking risk intelligence, and high-risk sex industry data. Diverse industry partnerships like these help LegitScript continue to build the world’s most robust merchant risk data sets. LegitScript’s unique data — combined with the industry's largest team of investigative analysts and regulatory experts — helps customers stay ahead of problematic activity and support growth into new markets.

Accelerated Customer Adoption: In 2023, nearly 40 payment service providers and merchant acquirers chose to move from their existing merchant monitoring service provider to LegitScript. The primary reasons cited for the move to LegitScript were a desire for fewer false positives, more timely reporting, and improved customer service. To learn more and become one of the many who are making a switch, please download LegitScript’s Merchant Monitoring Buyer’s Guide.

New Payments Leadership: LegitScript recently appointed Andy Vrabel to a new role as General Manager, Payments Ecosystem Solutions. As a part of this role, Andy is responsible for guiding LegitScript’s product vision, strategy, and execution for the payments ecosystem. Prior to joining LegitScript, Andy spent close to six years at Square, where he held multiple roles spanning merchant risk, compliance, and anti-financial crimes operations.

New Payments Customer Advisory Board: Today, LegitScript is announcing the formation of its Payments Customer Advisory Board. This group of elite and innovative payments companies will be responsible for helping steer the strategic direction of LegitScript’s payment ecosystem solutions and will benefit from networking with each other to help tackle broader industry challenges. The formation of the Payments Customer Advisory Board is another example of LegitScript’s commitment to fostering collaboration and innovation within the payments ecosystem both today and into the future.

“Rapid advancements in technology are making payments fraud increasingly sophisticated and difficult to detect,” said Andy Vrabel, LegitScript General Manager of Payment Ecosystem Solutions. “That’s why it’s crucial for payments companies to scrutinize their merchants at every point in the merchant lifecycle. We continue to expand our offerings to meet the evolving needs of our payments customers.”

About LegitScript

LegitScript has been leading the charge for a safer, more transparent internet and payments ecosystem for more than 15 years — combining technology and data with a team of experts skilled in monitoring, certification, and investigations. LegitScript’s broad and deep view across the commercial internet provides unique insights from all industries and angles, allowing businesses to evaluate, manage, and mitigate risk. That’s why LegitScript is trusted by the world's largest internet platforms, payments companies, and regulatory agencies. For more, visit legitscript.com.