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PayRate42 Launches Risk Assessment Tool For Financial Services Providers!

12-06-2023 03:59 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: PayRate42

PayRate42 Launches Risk Assessment Tool For Financial Services

PayRate42, a leading cyberfinance rating agency committed to enhancing transparency in the global payment industry, proudly introduces the Trust Point Assessment Tool (https://payrate42.com/risk-assessment/). This innovative tool allows merchants and consumers to make informed decisions by assessing the reliability of financial service providers.

PayRate42, defining itself as a private compliance platform, aims to empower participants in the payment industry with a comprehensive approach to identifying, evaluating, and rating its members.

PayRate42: A Beacon of Transparency in Global Payments

As a Payment Rating Agency, PayRate42 is dedicated to providing a transparent view of the payment industry landscape. The Trust Point Assessment Tool is a testament to this commitment, enabling payment processor clients to submit listings, ratings, and reviews, giving them a voice in their interactions with service providers.

Key Features of the Trust Point Assessment Tool:

Payment Industry Focus: PayRate42's Trust Point Assessment Tool is tailored to the payment industry, catering to the unique needs of regulators, potential partners, clients, and their clients (KYCC).

Private Compliance Platform: PayRate42 defines itself as a private compliance platform for the global payment industry. This designation emphasizes the platform's role in maintaining high compliance standards within the industry.

Voice for Clients: The tool empowers (potential) clients of payment processors by allowing them to quickly assess their trustworthiness by answering 10 questions.

How PayRate42's Trust Point Assessment Tool Works:

The Trust Point Assessment Tool evaluates financial service providers on crucial aspects such as regulatory compliance, information transparency, customer service quality, and data security. The Trust Point scale, ranging from 1 to 10, provides a clear rating, enabling users to assess the trustworthiness of a payment processor quickly.

The Trust Point Assessment Tool is now available for free on the PayRate42 website (www.payrate42.com).

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Press contact: office@payrate42.com

PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.

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