Risk Management

SystemPay views risk management as one of the most important operating functions. The company targets industries such as healthcare, insurance, law enforcement and government agencies.

SystemPay has developed an enhanced management protocol to ensure effective risk monitoring and mitigation. The company’s proprietary risk management software is user-friendly and allows the risk staff to effectively manage large transaction volume.

SystemPay has developed strict underwriting policies and procedures for new merchants. Each submitted application is categorized based on several variables which define the requirements and supporting documents that are necessary to approve the account. SystemPAY’s underwriting staff conducts thorough due diligence on each merchant account, including the review of credit bureau information, reference checks, historical processing information, site visits and company financials.

The company has streamlined the process by developing automated algorithms to increase the workflow and improve underwriting efficiencies. All pending information is automatically routed to the appropriate party to ensure timely and effective underwriting.