EverC has introduced Instant Onboarding, a tool that enables payment providers to onboard merchants swiftly while assessing risk in seconds.
Merchant onboarding is vital for payment providers, but slow processes and fraud risks often create challenges. EverC’s solution scans websites in real time to map online presence, detect fake storefronts and identify risk indicators without delaying the onboarding process.
EverC CPO Ishai Froind said, “Payment processors compete in an industry that demands speed and ease, but they must balance a frictionless user experience with a proper assessment of risk. With Instant Onboarding, we can detect a wide array of risk indicators at the first touchpoint. This not only saves time, it also cuts costs by reducing the need for more expensive compliance checks down the line.”
The tool integrates with workflows to deliver insights in under 15 seconds, using EverC’s proprietary risk graph to flag suspicious activity and repeat offenders early.
Features include MCC auto-classification to prevent miscodes and reduce manual checks, and advanced AI that identifies fake storefronts to help payment providers act quickly while keeping fraud out.
EverC CEO Ariel Tiger said, “This powerful, AI-driven solution reduces friction, streamlines the onboarding process and reduces risk, enabling payment platforms to start generating income faster. Instant Onboarding gives our customers a better understanding of risk, without needing to invest unnecessary time, effort or cost. This isn’t just about preventing fraud — it’s about driving greater operational efficiency.”
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