Example Scenario: This is an illustrative example demonstrating potential use cases and outcomes. Company names and metrics are hypothetical.
Enterprise PSP
Streamlining Merchant Verification
2 days
Onboarding Time
-60%
Document Requests
45%
Fraud Prevention
-80%
Time to Revenue
The Challenge
Merchant onboarding required collecting and verifying extensive documentation including business registration, beneficial ownership, and compliance certifications. This manual process took an average of 2 weeks and created friction that delayed revenue for both the PSP and its merchants.
The Solution
CredLyr enabled merchants to present verifiable business credentials issued by trusted authorities. The PSP defined verification policies that automatically validated required credentials and flagged high-risk applications for review.
The Results
Merchant onboarding time was reduced from weeks to days, while fraud detection improved through cryptographic credential verification.
Key Metrics
Onboarding Time
Down from 2 weeks average
2 days
Document Requests
Fewer documents needed from merchants
-60%
Fraud Prevention
Reduction in fraudulent applications
45%
Time to Revenue
Merchants start processing sooner
-80%
Technology Used
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