Revolution provides boarding as a service, delivered to support multiple platforms and user environments through an intuitive web UI, mobile application and API for integration into the payments business’s existing capability if required. It’s principally delivered as a cloud-based application, hosted on the resilient technologi infrastructure. Revolution integrates more than 40 3rd party data sources into the platform so is not simply a well formatted data collection tool like many competing services but instead validates information as it is keyed through extensive business logic as well as providing search functionality to increase the efficiency and accuracy for the customer.
A standard business to business payments application is likely to make use of a number of integrated data sources including company data, address search and validation, tax/VAT search and validation, principle/UBO verification, bank account validation and proof of ownership, credit reference data and a whole multitude of other services depending on the requirement. Each one is seamlessly integrated through the single Revolution interface.
The platform also acts as the glue between multiple internal systems within the payments ecosystem. Rather than reinvention, Revolution often acts as a non-intrusive service layer, sitting on top of and integrating multiple platforms within the payments business, populating information within those systems through the application journey and instructing service delivery when the minimum requirements have been met. This delivers a joined-up service experience, removes manual processes and avoids the payments business from having to rip out or reinvent their entire infrastructure.
Revolution is not just about customer on-boarding either, it also offers comprehensive self-service portal functionality for merchants to monitor the progress of their application as well as manage their services in-life.
When used in conjunction with Prospect, our credit, risk management and underwriting solution, it’s possible to deliver an end-to-end automated boarding experience without compromising risk and fraud processes nor increase potential liability.