TrueBiz approved by Mastercard as a Merchant Monitoring Service Provider 

TrueBiz has been approved to join Mastercard’s Merchant Monitoring Program (MMP) as a service provider. TrueBiz customers leveraging our monthly content monitoring and transaction laundering detection will be granted a 75% discount on brand risk and transaction laundering related fines issued by Mastercard. 

TrueBiz leverages the latest technology to find fraudulent or non-compliant activity across a merchant’s internet footprint, helping acquirers avoid fines of up to $400k, and the risk of being removed from payment rails. Our Business Closure Detection also empowers acquirers to get ahead of risk, by looking for signals that a merchant is about to close. 

How TrueBiz’s monitoring solutions reduce merchant risk

TrueBiz provides a suite of solutions to help protect merchant acquirers:

Website Content Monitoring Service

Our solution harnesses the power of fine-tuned LLMs to robustly analyze every page of a merchant’s website. This enables precise, real-time detection of high-risk or prohibited content that may violate standards like VIRP, BRAM, or other regulatory frameworks. When a violation is identified, we provide a snippet of the offending content along with the specific URL, empowering swift and targeted action to address compliance issues.

Business Closure Detection

We analyze signals across the merchant’s internet footprint to detect early warning signals that a business may be closing. The models ingest hundreds of signals to build confidence on the business’ health such as discontinued social media activity, negative customer reviews mentioning closure, or the appearance of liquidation or "going out of business" sales. This enables us to identify merchants that are about to close, so you can take early precautions to avoid chargebacks and credit risk. 

Connected Entities Monitoring

Every month, TrueBiz analyzes approximately 90 million merchant websites to automatically discover and classify the websites, entities or people connected to each merchant. We analyze technical infrastructure, physical locations, contact details, website content, and key individuals to identify connections, and expose potential transaction laundering risks. If two different websites have the same phone number present, for instance, we can programmatically signal that the two are likely connected.

Find the risk hiding in your merchant portfolio

TrueBiz offers merchant acquirers the chance to be proactive when it comes to compliance, and take advantage of early indicators to reduce their exposure to risk, fraud and fines.

To celebrate our approval as an MMSP, through the end of this year we’re offering a one-time trial to new customers to run their entire portfolio through the TrueBiz platform, free of charge. 

Book a demo here and find how many risky merchants could be hiding in your portfolio.