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G2 Web Services and Zoot Enterprises Announce Merchant Underwriting Data Partnership
[February 26, 2015]

G2 Web Services and Zoot Enterprises Announce Merchant Underwriting Data Partnership


LONDON, Feb. 26, 2015 /PRNewswire/ -- G2 Web Services, the leading provider of merchant risk management solutions, and Zoot Enterprises, a global provider of advanced instant credit decisioning, risk management, loan origination and workflow management solutions, announced the integration of their merchant boarding capabilities today at the 6th Annual G2 Merchant Risk Summit.

Zoot Enterprises logo

The partnership enables Zoot to embed the G2 Compass Score™ into its full suite of merchant due diligence services. The G2 Compass Score provides a predictive risk score that helps financial institutions enhance the speed, efficiency and accuracy of their underwriting decisions and support better data-based merchant assessments.

Zoot's zMerchant® onboarding and risk monitoring solution is designed to efficiently evaluate new merchant applications in real time for merchant acquirers, ISOs and others seeking to establish new merchant accounts. Additionally, the solution proactively monitors merchant transactions and applies automated risk triggers to signal potential problems.

The G2 Compass Score adds a merchant risk assessment tool built on a decade of exclusive data, including compliance history, sale of illegal goods, previous account terminations, and more. The G2 Compass Score provides users real-time insights into a merchant's likelihood of future risk, assists in reducing application processing time and decreasing the number of manual application reviews, and increases the overall number of approvals.

"Zoot's technology allows G2 Web Services' highly predictive data to be used in real time, dramatically reducing the overall risk to merchant acquirers during the onboarding process," said Dennis Dixon, president of Zoot Enterprises. "Our partnership brings the best of our solutions together to support our clients as they bring on new merchants and monitor them over time."



"I am delighted to combine our merchant diligence solutions with Zoot to offer financial institutions the most complete view of their potential merchants," said Allison Guidette, Chief Executive Officer of G2 Web Services. "Our goal with the G2 Compass Score is to help financial institutions grow faster and mitigate more risk upfront. The integration of the G2 Compass Score and Zoot's world-class credit decisioning solutions accelerates these benefits significantly."

The announcement was made at the G2 Merchant Risk Summit, G2 Web Services' sixth annual conference of executives and thought leaders from card networks, acquirers, payment service providers, merchants, and brand rights holders.


About G2 Web Services

G2 Web Services is the leading global provider of merchant risk management solutions, including due diligence, compliance, and fraud mitigation, for members of the payments value chain.  G2 is a preferred provider to the card networks, acquirers, independent sales organizations, payment service providers, and merchants, among others. G2's global breadth, depth, and experience allow us to guide clients through the complexities of changing regulations, card network rules, and the rapidly shifting payments landscape to identify otherwise unknown risks. 

For over a decade, G2 Web Services has investigated, analyzed and linked data from millions of merchants, their risk history and relationships, building the G2 Merchant Map®. The Map is the industry's most extensive database of merchant risk and fraud, offering insight into merchant relationships, risk history and behavior that no one else can provide.

G2 Web Services is headquartered in Bellevue, WA, with offices in London and Shanghai.

Learn more at: www.g2webservices.com

About Zoot Enterprises

Zoot Enterprises is a global provider of advanced instant credit decisioning, risk management, loan origination, and workflow management solutions. For 25 years the company's innovative tools and services model has enabled Zoot clients to meet their exact business objectives and adapt quickly to seize market opportunities. Zoot's multinational processing environment has the capacity to deliver billions of real-time decisions annually.

Zoot is headquartered in Bozeman, MT with offices in Leeds, UK and Frankfurt, Germany. Visit www.zootweb.com or call +44 113 246 8693 for more information.

G2 Web Services Logo.

 

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/g2-web-services-and-zoot-enterprises-announce-merchant-underwriting-data-partnership-300041507.html

SOURCE G2 Web Services


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