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Finextra: Point-in-Time Trust Has an Expiration Date

Businessman's hands using laptop with glowing digital interface showing checkmark badge and documents on dark background, concept of digital compliance SSUCv3H4sIAAAAAAAACpyS227DIAyG7yftHSKuG4lAeshepdqFA16DSiEC0mmq+u7jkFTsdnfxZ/u3f5zH+1vTkBG8EuSjeaQoxkrrxQcHQVkTMd2t3KGR6Gpyd/xAawCqjlCqYJ0CXcMRgpgM3DBCs2id8DMniQ8QFo8+7bIiAQEvUaPAl0RZ+FziZkvkZOyIKUJ2FfPLmNmGivi/OsvH58vwBY34yQtXRhxqhGLkXErJ9Tugu9XWYJHKVq7uVoBOBbxSAjWDgz99s1NCmUtFbJjyXTYlYRcTXNrqZYZoa2cYdXr1rzgGNz6B97FcbryaLeJfYG/VHGND9rSqEhmPk8KO95Sz05H1nLHjqWOntaAcdFJRJ6+zCcVYXJWsXam0AWF4GMRx2Ld72tG2Z13fDhK7lveIPVKgdODxFs9fAAAA//8DAKVcwVe5AgAA

For years, the payments industry treated trust as something established once at underwriting and then relied on as the relationship scaled. Now, that approach is breaking down as technology allows bad actors to submit merchant applications at scale.

In this Finextra article, LegitScript's Dan Frechtling discusses the problem payments companies are facing in this new era of underwriting and how they are combatting it.