EverC has unveiled its latest solution, Instant Onboarding, aimed at helping payment providers accelerate merchant onboarding while enhancing risk intelligence before threats can enter their platforms.
Merchant onboarding remains a crucial driver of revenue for payment providers, yet the process often falls short when it comes to verifying merchant transparency. Lengthy applications can deter merchants or lead to errors, while quick processes often fail to detect hidden risks. EverC’s new solution aims to address this gap, providing a faster, seamless onboarding journey coupled with effective risk and compliance oversight.
Using real-time website scans, Instant Onboarding maps a merchant’s online presence, classifies risk, and detects fake storefronts, fraud, and misclassified businesses. This dual benefit streamlines merchant onboarding while ensuring payment providers maintain comprehensive risk assessments.
EverC CPO Ishai Froind said, “Payment processors compete in an industry that demands speed and ease, but they must balance a frictionless user experience with a proper assessment of risk. With Instant Onboarding, we can detect a wide array of risk indicators at the first touchpoint. This not only saves time, it also cuts costs by reducing the need for more expensive compliance checks down the line.”
The solution integrates seamlessly into existing workflows, delivering actionable risk insights in under 15 seconds to help payment providers filter out high-risk merchants early in the process. It leverages EverC’s proprietary risk graph, which analyses contextual data and the connections between URLs to flag suspicious associations, repeat offenders, and known-bad entities.
A standout feature of Instant Onboarding is MCC auto-classification and prefill, reducing merchant errors and minimising manual reviews by compliance teams. This enables payment providers to onboard merchants swiftly, allocate them correctly within risk flows, and identify opportunities for future cross-selling.
Another core feature is real-time front site detection, using advanced AI to identify fake or misrepresented storefronts used in scams, transaction laundering, or counterfeit goods sales. This feature offers insights that match human expert judgement, countering the growing sophistication of fraudsters using AI to mimic legitimate storefronts.
EverC CEO Ariel Tiger said, “This powerful, AI-driven solution reduces friction, streamlines the onboarding process and reduces risk, enabling payment platforms to start generating income faster. Instant Onboarding gives our customers a better understanding of risk, without needing to invest unnecessary time, effort or cost. This isn’t just about preventing fraud — it’s about driving greater operational efficiency.”
The launch of Instant Onboarding follows EverC’s release of Smart Scan in May, an AI-powered risk tool designed to help marketplaces and payment providers gain a holistic view of emerging threats.
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