Underwrite new merchants in minutes
Agreement Express Merchant ScanXpress enables teams to perform thorough risk assessments with a few clicks in a matter of minutes rather than days.
100+ customizable checks can be performed on each merchant automatically, using the best underwriting data from the web, government and private databases, credit reporting agencies and more.
Risk-scored reports provide an easy-to-understand score out of 100, a summary of yellow and red flags, and a recommendation to approve, request more information, or decline.
Automatic approvals can be enabled for low-risk merchants, leaving human underwriters to focus on what they do best – analyzing the most complex applications and making the tough decisions.
Automated underwriting with Agreement Express makes due diligence fast, cost-effective and consistent.
With Merchant ScanXpress handling the checks, acquirers no longer have to choose between fast and thorough.
The system never takes shortcuts or misses checks, ensuring risky merchants never slip through the cracks and pricing is always optimized.
Monitor evolving merchant risk automatically
Merchant risk isn’t static. It evolves as merchants process over time and requires constant monitoring and vigilance to ensure correct pricing and risk management strategies.
Agreement Express MonitorX automatically monitors ongoing risk in the background as merchants process. Regular, pre-scheduled checks ensure ongoing compliance and identify potentially risky changes in merchant behavior.
MonitorX performs a variety of ongoing compliance checks in real-time, including:
- Automated anti-money laundering (AML)
- Automated Know Your Customer (KYC + KYB)
- Adverse Media / Negative News
- High-Risk Website Content Detection
- Merchant Processing Profile and Risk Exposure
- 100+ checks through Merchant ScanXpress
- Anti-fraud checks
Streamline the merchant onboarding process
Faster underwriting equals faster onboarding. Agreement Express streamlines the overall onboarding process and reduces time-to-processing by hours or even days.
Self-serve application forms enable merchants to submit their details online, minimizing friction and reducing NIGO rates by as much as 30%.
Seamless integration with IRIS CRM TurboApp enables acquirers to complete the entire boarding process in as little as five minutes – from initial application to underwriting to final submission to a processor.
Read more about integrating Agreement Express with IRIS CRM.learn Read more about integrating Agreement Express with IRIS CRMStreamline the merchant onboarding process
Reduce the underwriting process from days to minutes
Process 10x more merchant applications
Reduce merchant application abandonment by 70%
Save up to $60 on third-party fees on each applications
Customize 100+ underwriting checks to suit different application types using data from Agreement Express partners like
- KYC Sitescan
- G2 Web Services
- Lexis Nexis
- Trans Union
- Open Corporates
- KYC 2020
- Google Maps
- Google Reviews & News
- TIN Check
- MATCH by Mastercard
- Comply Advantage
Make underwriting faster, cheaper and more consistent
Reach out today to find out more about how Agreement Express can make your underwriting 10x faster and ensure merchant risk is always kept in check.