The payments space continues to grow in size and complexity, and merchant acquirers are facing many new challenges to manage risk. The global pandemic and the shift to all things digital has resulted in the increasing migration of fraud to the customer-not-present (CNP) environment. New smaller merchants, many with a purely digital presence, are springing up and expecting a frictionless process of onboarding with their preferred acquirer.
As the landscape and scope of offerings has changed, to remain competitive, merchant acquirers have to invest in software solutions to support this evolution, including a much faster method of onboarding new merchants, as well as effective solutions to manage ongoing merchant risk.
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