Conformance Technologies Launches Compliance Offering for Merchant Acquirers

Conformance Technologies has announced the launch of PreComm ToolKit as its latest compliance offering. It is a cloud-based data gathering and collating service that is designed to simplify merchant due diligence and risk evaluation process prior to boarding, while addressing the difficulties associated with the Know Your Customer (KYC) compliance requirements of Anti-Money Laundering (AML) rules, The USA Patriot Act and card brand regulations. The company says that with PreComm ToolKit, merchant acquirers and payment processors gain protection from deceitful entities before unwittingly granting payment system access, while saving time and money related to manual, paper-based workflows.

 

Global partners

    

Industry partners