An enterprise payment processor due-diligence file should do more than prove that somebody downloaded a SOC report and an insurance certificate. It should show what services the processor performs, which legal entities and systems provide those services, what independent evidence covers them, what responsibilities remain with the enterprise, which gaps...
Onboarding a Multi-Entity Corporate Structure for Payments: Beneficial Ownership, Per-Entity MIDs, and One Underwriting File
A parent company with several subsidiaries can negotiate one commercial payment relationship, but that does not mean every entity should be boarded as one undifferentiated merchant. For multi-entity merchant account onboarding, the first task is to determine which legal entities actually accept customer payments, which brands and locations belong to...