{"id":7606,"date":"2026-06-01T09:09:39","date_gmt":"2026-06-01T07:09:39","guid":{"rendered":"https:\/\/www.rolling-funds.com\/?p=7606"},"modified":"2026-06-01T09:09:41","modified_gmt":"2026-06-01T07:09:41","slug":"comprehensive-guide-to-kyc-onboarding-for-payment-platforms","status":"publish","type":"post","link":"https:\/\/www.rolling-funds.com\/en\/articles\/guide-complet-lonboarding-kyb-pour-les-plateformes-de-paiement\/","title":{"rendered":"Complete Guide - KYB onboarding for payment platforms"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Any payment platform that integrates businesses (whether merchants, sub-merchants, or partners) must verify the identity of those businesses before processing any transaction. <em>Know Your Business (KYB)<\/em> is the compliance framework that makes this possible. When properly implemented, KYB protects platforms against fraud, regulatory sanctions, and card network fines. When poorly executed, it creates weeks of onboarding friction, pushing merchants toward other providers. This guide explains KYB requirements, how to automate them, and how to keep your platform compliant without slowing down the onboarding process.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is KYB and why is it essential for payments?&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <em>Know Your Business (KYB)<\/em> Know Your Business (KYB) is the process of verifying the identity, legitimacy, and risk profile of a business entity before establishing a business relationship. For payment platforms, <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/kyb-what-you-need-to-know\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/kyb-ce-que-vous-devez-savoir\/\">KYB is a foundational compliance step<\/a> that determines whether a company can be onboarded to accept or send payments.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KYB vs KYC: what\u2019s the difference?&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <em>KYC (Know Your Customer)<\/em> involves verifying the identity of an individual\u2014name, address, date of birth, official ID document. KYB extends this principle to legal entities, which are inherently more complex.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A KYB check may include:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Verification of the legal entity&nbsp;<\/li>\n\n\n\n<li>Its registration status&nbsp;<\/li>\n\n\n\n<li>Its beneficial owners (each of whom requires individual KYC)&nbsp;<\/li>\n\n\n\n<li>Its business activity&nbsp;<\/li>\n\n\n\n<li>Its financial standing&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">KYC is a component of KYB, but it does not replace it.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>KYB requirements by business model<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not all payment platforms have the same KYB obligations. The depth and scope of verification depend on your business model, regulatory status, and risk level.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Payment Facilitator (PayFac):&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>KYB responsibility \u2013<\/strong> Full KYB for every sub-merchant.&nbsp;<\/li>\n\n\n\n<li><strong>Key points \u2013<\/strong> Must verify business identity, beneficial owners (UBOs), OFAC screening, and website review. Fully responsible for sub-merchant fraud and compliance failures.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Sponsor Partner Model:&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>KYB responsibility \u2013<\/strong> Shared with sponsor processor.&nbsp;<\/li>\n\n\n\n<li><strong>Key points \u2013 <\/strong>Sponsor handles the regulatory compliance infrastructure. Partner collects data and performs initial verification.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>ISO (Independent Sales Organization):&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>KYB responsibility \u2013<\/strong> Initial collection and review.&nbsp;<\/li>\n\n\n\n<li><strong>Key points \u2013<\/strong> Acquirer retains final KYB responsibility. ISO gathers merchant data and performs first-level screening.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Money Transmitter:&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>KYB responsibility \u2013 <\/strong>Full KYB + enhanced due diligence.&nbsp;<\/li>\n\n\n\n<li><strong>Key points \u2013<\/strong> Additional state licensing requirements apply. Must maintain an AML program with independent audits.&nbsp;<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Embedded Payments Platforms:&nbsp;<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>KYB responsibility \u2013 <\/strong>Varies by structure.<\/li>\n\n\n\n<li><strong>Key points \u2013<\/strong> SaaS platforms integrating payments often operate under PayFac or sponsor models. KYB scope depends on the chosen regulatory and operational framework.&nbsp;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The embedded payments market is expected to exceed $140 billion by 2030, according to Bain &amp; Company. As more SaaS platforms, <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/marketplace-multi-vendeurs-kyc-et-kyb-what-are-we-talking-about\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/marketplace-multi-vendeurs-kyc-et-kyb-de-quoi-parle-t-on\/\">marketplaces<\/a> , and vertical software providers integrate payments, KYB responsibility becomes a critical issue.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Platforms processing payments without their own license typically rely on a sponsored processor to handle compliance infrastructure. However, they are still required to collect appropriate data and perform strong due diligence early in the onboarding process.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The KYB data stack: what you actually need to collect&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/the-power-of-data-enrichment-in-the-fight-against-fraud-and-money-laundering\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/la-puissance-de-lenrichissement-des-donnees-dans-la-lutte-contre-la-fraude-et-le-blanchiment-dargent\/\">A complete KYB data stack<\/a> covers the business entity, its owners, its operations, and its risk profile. Here\u2019s what you need:\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Business entity verification&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Legal business name and any trade names (DBAs)&nbsp;<\/li>\n\n\n\n<li>Business registration details: incorporation state, registration number, legal structure&nbsp;<\/li>\n\n\n\n<li>EIN\/TIN validation: Employer Identification Number or tax ID verified against IRS records&nbsp;<\/li>\n\n\n\n<li>Business address: physical address (not just a registered agent), verified via commercial databases&nbsp;<\/li>\n\n\n\n<li>Date of incorporation and current status (active, dissolved, suspended)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Beneficial owners (UBO)<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under FinCEN rules and card network requirements, you must identify anyone owning 25% or more of the business, as well as at least one person with significant management control. For <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/ubo-verification-precise-navigation-in-kyb-compliance\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/verification-ubo-naviguer-avec-precision-dans-la-conformite-kyb\/\">each beneficial owner<\/a>, collect:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Full legal name and date of birth<\/li>\n\n\n\n<li>Residential address&nbsp;<\/li>\n\n\n\n<li>Government-issued ID (passport, driver\u2019s license)&nbsp;<\/li>\n\n\n\n<li>Social Security Number (SSN) or equivalent national identifier&nbsp;<\/li>\n\n\n\n<li>Ownership percentage&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Beneficial ownership reporting (FinCEN)&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Beneficial Ownership Information (BOI) reporting rule requires most companies to directly report their beneficial owners.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">While this creates a centralized database that may eventually simplify KYB verification, payment platforms cannot rely solely on these filings. You must still independently verify ownership as part of your own KYB program.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sanctions and watchlist screening&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Verification <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/what-are-the-checks-on-ppe-lists-and-sanctions\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/quest-ce-que-les-controles-des-listes-ppe-et-des-sanctions\/\">Entity and UBO screening<\/a> against OFAC SDN list.\u00a0\u00a0<\/li>\n\n\n\n<li>International sanctions lists (EU, UN, and country-specific lists).&nbsp;<\/li>\n\n\n\n<li>PEP screening (Politically Exposed Persons among beneficial owners)&nbsp;<\/li>\n\n\n\n<li>Adverse media checks for fraud, money laundering, or financial crime associations&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Business activity verification&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Website review: ensure a functional site consistent with the declared business activity, including required legal pages (refund policy, contact details, terms of service), and no prohibited goods or services.<\/li>\n\n\n\n<li>MCC assignment: assign the correct Merchant Category Code based on actual activity, not merchant self-declaration.&nbsp;<\/li>\n\n\n\n<li>Processing history: if available, review prior payment behavior (chargeback rates, refunds, volume trends).&nbsp;<\/li>\n\n\n\n<li>Bank account verification: confirm the settlement account belongs to the legal business entity.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Automating KYB without sacrificing compliance&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Manual KYB (spreadsheets, documents sent by email, calls to state registries) takes an average of 3 to 7 days per merchant. <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/can-the-kyb-process-be-fully-automated\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/le-processus-kyb-peut-il-etre-entierement-automatise\/\">Automated KYB<\/a> can reduce this timeframe to less than 24 hours.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The key is to build an API-driven verification pipeline that covers all compliance checkpoints without requiring manual intervention for standard-risk merchants.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>API-driven verification&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A modern KYB verification API integrates multiple data sources into a single workflow:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Secretary of State registries: real-time queries to verify registration status, registered agent, and incorporation date&nbsp;<\/li>\n\n\n\n<li>Business databases: cross-checking company identity data with credit bureaus and business intelligence providers&nbsp;<\/li>\n\n\n\n<li>Sanctions databases: automated screening of sanctions, PEPs, and global watchlists with fuzzy matching and alias detection<\/li>\n\n\n\n<li>Identity verification: OCR of documents and biometric matching for beneficial owners\u2019 IDs&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Risk scoring and tiered review&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Not all merchants require the same level of scrutiny. Automated KYB systems should assign a <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/evaluation-of-risk-scoring-in-kyb-methods-and-best-practice\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/evaluation-du-scoring-de-risques-en-kyb-methodes-et-bonnes-pratiques\/\">risk score <\/a>based on factors such as:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Company age (newly created entities present higher risk)&nbsp;<\/li>\n\n\n\n<li>Industry \/ MCC (high-risk categories trigger enhanced due diligence)&nbsp;<\/li>\n\n\n\n<li>Expected volume (higher volume increases exposure)&nbsp;<\/li>\n\n\n\n<li>Ownership structure complexity (multiple layers of ownership)&nbsp;<\/li>\n\n\n\n<li>Geographic risk (cross-border activity, sanctioned jurisdictions)&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Low-risk merchants with clean data can be automatically approved.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Medium-risk merchants are flagged for expedited manual review.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">High-risk merchants go through a full enhanced due diligence process&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This tiered approach enables fast onboarding for most merchants while focusing compliance resources where they are most needed.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Document OCR and data extraction&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">When documents are required (articles of incorporation, bank statements, identity documents), optical character recognition (OCR) and machine learning models can automatically extract and validate the data.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This eliminates back-and-forth caused by manual verification of scanned documents and reduces data entry errors. The extracted data feeds directly into the verification pipeline for cross-checking with other sources.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Common KYB pitfalls that delay go-live<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Even platforms with solid KYB processes run into recurring issues that slow down merchant onboarding. Here are the most common ones:&nbsp;<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Incomplete disclosure of beneficial owners&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">This is the primary KYB bottleneck. Merchants often fail to disclose all owners above the 25% threshold, list individuals without providing the required identity documents, or submit inconsistent ownership breakdowns. Design your onboarding forms to validate ownership structures before submission: reject applications where declared ownership is below 75% without explanation, and require documentation for each Ultimate Beneficial Owner (UBO) from the outset.<\/p>\n\n\n\n<ol start=\"2\" class=\"wp-block-list\">\n<li><strong>Gaps in shell company detection&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">An LLC registered with a valid EIN is not necessarily a legitimate operating business. Shell companies can pass basic checks while concealing illicit activities. Effective KYB should include website verification, physical address validation (not just a P.O. box), and checks for real business activity. Be cautious of companies with no online presence, no employees, and addresses tied to virtual office providers.<\/p>\n\n\n\n<ol start=\"3\" class=\"wp-block-list\">\n<li><strong>Incorrect MCC assignment&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Some merchants apply for a Merchant Category Code (MCC) that doesn\u2019t match their actual activity, either due to misunderstanding or to avoid a higher-risk classification. Incorrect assignment can lead to interchange fee miscalculations, fines from card networks, and increased risk exposure. Always assign MCCs based on your own assessment of the merchant\u2019s activity, not solely on the merchant\u2019s declaration.<\/p>\n\n\n\n<ol start=\"4\" class=\"wp-block-list\">\n<li><strong>Insufficient ongoing monitoring&nbsp;<\/strong><\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Many platforms treat KYB as a one-time check. However, a merchant that is legitimate at onboarding can later change ownership, shift to prohibited products, or develop problematic transaction patterns. Without ongoing monitoring, these changes often go unnoticed until a card network audit, fraud incident, or regulatory review. A spike in disputes is often the first signal that something has changed within a merchant.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Ongoing monitoring: KYB doesn\u2019t stop at onboarding<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Initial KYB verification is only a starting point, not an endpoint. Card networks and regulators expect <a href=\"https:\/\/www.rolling-funds.com\/en\/articles\/kyb-continuous-monitoring-why-its-essential-and-how-to-implement-it\/\" data-type=\"link\" data-id=\"https:\/\/www.rolling-funds.com\/articles\/surveillance-kyb-continue-pourquoi-cest-essentiel-et-comment-la-mettre-en-oeuvre\/\">continuous oversight<\/a> of your merchant portfolio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Transaction monitoring&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Monitor merchant transaction behavior to detect anomalies that may indicate fraud, money laundering, or a shift in the business model. Key signals include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Sudden spikes in volume inconsistent with the merchant\u2019s profile<\/li>\n\n\n\n<li>High refund rates or unusual refund patterns<\/li>\n\n\n\n<li>Chargeback ratios approaching card network thresholds<\/li>\n\n\n\n<li>Transaction amounts deviating from the merchant\u2019s declared average ticket size<\/li>\n\n\n\n<li>Geographic patterns inconsistent with the merchant\u2019s business model<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Monitoring programs like Visa\u2019s VAMP&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2025, Visa launched the Visa Acquirer Monitoring Program (VAMP), consolidating previous merchant monitoring thresholds into a unified framework.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The VAMP program makes acquirers and payment platforms directly accountable for the fraud and dispute performance of their merchant portfolios. Platforms that fail to maintain adequate KYB and ongoing monitoring risk being placed into these programs, which can lead to escalating fines and processing restrictions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Periodic re-verification&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Best practice is to revalidate merchant KYB data on a regular basis: <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Risk-based frequency:<\/strong> high-risk merchants should be reviewed quarterly, while low-risk merchants can be reviewed annually<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Annually:<\/strong> re-screen all merchants against sanctions lists and verify the validity of their legal registration.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Trigger-based review: <\/strong>any ownership change, significant volume increase, new product launch, or negative signal should trigger immediate re-verification.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How your relationship with your processor shapes KYB<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The infrastructure behind your KYB process depends heavily on how your platform is connected to card networks. There are two fundamental models:&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The registered PayFac&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you are a registered <em>payment facilitator<\/em> , you are responsible for the entire KYB process. You are the merchant of record with the card networks, and your sub-merchants process payments under your primary merchant ID.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This gives you full control, but also full responsibility. You must have your own compliance team, your own sanctions screening infrastructure, and your own ongoing monitoring systems.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The sponsor processor model&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Working with a sponsor processor allows platforms to offer payment services without building the entire compliance stack from scratch.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In this model, the sponsor processor provides the regulatory infrastructure: acquiring relationships, registration with card networks, an AML program framework, and compliance expertise. The platform, in turn, focuses on its core product and user experience.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This does not remove the platform\u2019s KYB obligations. You still need to collect merchant data, perform initial due diligence, and oversee your merchant portfolio. However, the sponsor processor provides the compliance backbone: sanctions screening tools, regulatory reporting, communication with card networks, and expertise on evolving requirements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For platforms looking to issue card payments within a sponsored framework, this model is generally the fastest path to market.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Understanding payment infrastructure&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Your choice of processor also affects how transactions are routed, authorized, and settled.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And if your platform handles account funding transactions (AFT), it is essential to understand the specific compliance requirements related to fund flows.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Checklist: be ready to implement a compliant KYB solution in 30 days&nbsp;<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Use this checklist to make your payment platform compliant:&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Week 1: Foundations&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Define your merchant risk tiers (low, medium, high) and the KYB requirements associated with each&nbsp;<\/li>\n\n\n\n<li>Map your regulatory obligations based on your operating model&nbsp;<\/li>\n\n\n\n<li>Document your KYB policy and procedures in writing&nbsp;<\/li>\n\n\n\n<li>Identify your data sources for entity verification, sanctions screening, and identity verification<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Week 2: Data collection&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Map your merchant onboarding form to capture all required KYB data&nbsp;<\/li>\n\n\n\n<li>Include beneficial ownership declarations with validation logic (ownership percentages, required documents)<\/li>\n\n\n\n<li>Set up document upload with file type and size validation&nbsp;<\/li>\n\n\n\n<li>Integrate MCC assignment logic based on actual activity, not merchant self-selection&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Week 3: Verification and automation<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Integrate KYB APIs for entity verification, TIN validation, and sanctions screening&nbsp;<\/li>\n\n\n\n<li>Map risk scoring rules to auto-approve low-risk merchants and flag higher-risk cases&nbsp;<\/li>\n\n\n\n<li>Implement OCR to automatically extract data from uploaded documents<\/li>\n\n\n\n<li>Build manual review workflows for cases requiring human analysis&nbsp;<\/li>\n\n\n\n<li>Test the full onboarding flow end-to-end with scenarios covering each risk tier&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Week 4: Monitoring and maintenance<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Set up transaction monitoring rules (unusual volumes, refund patterns, chargeback thresholds)&nbsp;<\/li>\n\n\n\n<li>Enable automated sanctions re-screening on a daily or weekly basis&nbsp;<\/li>\n\n\n\n<li>Configure triggered review workflows (ownership changes, volume spikes, negative signals)&nbsp;<\/li>\n\n\n\n<li>Schedule periodic re-verification based on merchant risk level&nbsp;<\/li>\n\n\n\n<li>Train operations and support teams on new KYB processes and escalation procedures&nbsp;<\/li>\n\n\n\n<li>Document everything to ensure audit readiness&nbsp;<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Any payment platform that integrates businesses must verify the identity of those businesses before processing any transactions. Know Your Business (KYB) is the compliance framework that makes this possible. <\/p>","protected":false},"author":8,"featured_media":7610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[16],"tags":[19,17],"class_list":["post-7606","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-b2b","tag-kyb"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/posts\/7606","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/comments?post=7606"}],"version-history":[{"count":3,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/posts\/7606\/revisions"}],"predecessor-version":[{"id":7613,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/posts\/7606\/revisions\/7613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/media\/7610"}],"wp:attachment":[{"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/media?parent=7606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/categories?post=7606"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rolling-funds.com\/en\/wp-json\/wp\/v2\/tags?post=7606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}