Press release
PayRate42 Launches Risk Assessment Tool For Financial Services 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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