Provenir_Case_Study_Yapstone_210323

Challenge: Use Case: Merchant Onboarding

Provider of online and mobile payment solutions for global marketplaces, software and large vertical markets. www.yapstone.com

Provenir Solution:

Decisioning Cloud

Yapstone provides payment services to the home and vacation rental markets, partnering with brands including HomeAway, VRBO, and InnPayment. Unlike most payment providers, YapStone assumes the liability for transactions conducted on these sites which requires a robust trust and safety system to vet both homeowners and renters.

YapStone needed to replace a homegrown system that did not provide the scalability or transparency into transactions needed, with a more robust and flexible decisioning solution.

“Provenir easily demonstrated its experience with processing very high volumes in realtime and with no latency.”

Michael Gramz, Chief Risk Officer

Solution:

Benefits: •

Yapstone selected Provenir as a key strategic partner in the development their next generation risk management platform. It provides the ability to house proprietary underwriting and fraud models. It also serves as the hub for 3rd party risk vendor integrations delivering powerful adapters to augment Yapstone’s proprietary risk methodologies and data.

The platform also enables Yapstone to conduct A/B and regression testing for new or proposed model changes, all delivered through a simplified user interface.

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Results:

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The company uses Provenir’s configurable integration adaptors to gather data from multiple third-party sources including LexisNexis, business verification and bank account verification services. It will be expanding use of the adaptors soon to device fingerprinting and transaction monitoring services. All these integrations will allow YapStone to verify the merchant, payout account and property in real time.

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