Payments
Elevate your onboarding experience with better payments compliance
Purpose-built for payments providers and processors, Middesk’s verification service automates compliance for higher conversions
100M+
Business profiles
51
Secretary of State data pipelines
92%
Of businesses updated in <10 days
31%
Lift in auto-approvals
Problem
Onboarding merchants often involves manual coordination to collect the required information and documents to verify their legitimacy, causing friction and delays throughout the end-to-end onboarding process.
Solution
Middesk automates Know Your Business, Know Your Customer, and Anti-Money Laundering screenings, simplifying your payments onboarding by efficiently verifying merchants with confidence to provide a frictionless onboarding process.
Business value
Convert more merchant accounts
Build a low-friction, automated customer payments onboarding process that increases your speed to revenue
Reduce financial losses
Detect fraudulent applications and disqualify high-risk merchants with a comprehensive verification solution to minimize your losses
Modernize compliance
Verify businesses' identities with best-in-class data quality and freshness, satisfying your partner and Know Your Business (KYB) requirements with confidence
Solutions for payment service providers
Business Verification
Build an understanding of businesses and associated people to confidently and quickly transact with your customers
Credit Assessment
Streamline your credit assessments with comprehensive risk signals and easy lien filing
Chris Campano
Risk Lead, Plaid
Leveling up Plaid’s onboarding process with seamless KYB
“When a customer signs up for Plaid, they want to start building on our APIs right away. Middesk has been a critical partner enabling us to quickly and seamlessly onboard new customers.”
