Understand the merchant. Understand the evidence.
A merchant application is more than the documents attached to it. A stronger review connects what the merchant represents with the evidence supporting the submission.
The merchant. The evidence. The submission.
Pre-submission review sits between document collection and underwriting. Its purpose is to understand what is being sent forward, identify issues that deserve attention and give reviewers a clearer evidence base before the application moves ahead.
Merchant Intelligence
Understand relevant information surrounding the business and merchant application.
Document Intelligence
Examine the evidence supplied with the application for inconsistencies, anomalies and relationships that warrant review.
Submission Intelligence
Bring merchant-level and document-level findings together to create a clearer picture before the application moves forward.
What is pre-submission review?
Pre-submission review is the examination of a merchant application and its supporting evidence before it is forwarded for underwriting. It can help the submitting organization identify inconsistencies and questions earlier in the process.
How does it support underwriting?
Organized findings can reduce the amount of repetitive searching required to understand a merchant file and direct attention toward evidence that warrants closer review. The underwriting team remains the decision-maker.
One submission. Two sides of the workflow.
Prepare
ISOs, agents and merchant brokers can review what they are sending before underwriting sees it.
Review
Underwriting teams can move from searching through files toward reviewing surfaced findings and evidence.
Decide
Human reviewers retain responsibility for the underwriting decision and the meaning of the evidence.