Automation-driven KYB enhancements help payments companies streamline onboarding, reduce fraud, and scale compliance worldwide

LegitScript, the leader in merchant and product certification and monitoring, today announced the launch of two major enhancements to its AI-powered Merchant Onboarding solution: Global Business Identity Check and U.S. Tax Identification Number (TIN) Verification. These updates deliver comprehensive Know Your Business (KYB) coverage, enabling payment facilitators, ISOs, and acquiring/sponsor banks to automatically verify merchants across borders with greater accuracy, speed, and regulatory compliance.

Addressing Industry Pain Points in KYB

Inconsistent data availability and fragmented KYB workflows have historically posed challenges for payments companies, especially those expanding internationally. Merchant risk owners often rely on a patchwork of fragmented vendors to perform business verification, which slows down onboarding, increases costs, and exposes institutions to gaps in compliance controls.

“As fraudsters become more sophisticated and card networks tighten their requirements, payment facilitators, ISOs, and acquirers that cannot quickly validate merchant legitimacy across borders risk incurring fines, reputational damage, and lost revenue,” said Tom Cook, Chief Product and Technology Officer at LegitScript. “By giving payments companies a unified way to automatically confirm business legitimacy, ensure compliance with government-sourced data, and accelerate verification across U.S. and international markets, we’re helping them grow while reducing risk.”

Global Business Identity Check

The new Global Business Identity Check provides registry-level verification for over 120 countries. Leveraging official country-specific databases, the feature validates business legitimacy by confirming registration status, name-match accuracy, and entity details. This expansion fills a critical compliance need for global payments providers who must onboard merchants in multiple jurisdictions without sacrificing accuracy or efficiency.

This enables payments companies to:

• Reduce fraud by instantly confirming whether a business is active and legally registered
• Ensure compliance with government-sourced data from country-specific registries
• Accelerate onboarding by verifying international merchants within the same workflow as U.S. businesses

U.S. TIN Verification

For the U.S. market, the TIN Verification enhancement integrates IRS tax ID matching directly into existing merchant onboarding workflows, instantly verifying that a merchant’s legal name and TIN align with IRS records. With this addition, payments companies can eliminate the need for extra KYB vendors to handle TIN validation, optimize underwriting by resolving compliance issues inside one unified platform, and build trust and security by confirming merchants are properly registered for tax purposes.

Expanded Reporting and Coverage

These upgrades enrich the KYB Checks module of LegitScript’s onboarding solution to deliver comprehensive KYB coverage in a streamlined workflow that gives payments companies the ability to select which checks to run, upload data once, and receive all results in a single consolidated report.

The Business Identity Check now provides deeper business legitimacy insights regarding merchants in and outside the U.S., all delivered in a clearly organized output that enables approval automation.

"LegitScript helps QorPay make decisions much more efficiently by saving us anywhere from 20 minutes to several hours on each application. Their high-quality reporting and fast analysis have also helped reduce our response time for our sponsor bank’s requests,” says Stacie Wrenn, Director of Global Compliance at QorPay. “When my merchant onboarding team or our sponsor bank knows the data is coming from LegitScript, they trust it."

To learn more about LegitScript’s Merchant Onboarding and other merchant risk solutions, visit https://www.legitscript.com/solutions/merchant-risk-solutions/

About LegitScript

LegitScript, the global leader in Enterprise Risk Management Solutions, is trusted by the world’s largest search engines, e-commerce marketplaces, payment service providers, and social media platforms. By combining advanced, AI-driven technology with deep domain expertise and curated market intelligence, LegitScript empowers businesses to stay ahead of emerging threats and seize new growth opportunities with precision and speed. Our global team of regulatory experts and analysts is skilled at understanding global regulatory changes and assessing risk across products, websites, merchants, and platforms, providing clients with unmatched accuracy, actionable insights, and exceptional support.

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