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Meta Taps Melissa for KYC, AML Initiatives

Melissa Global Intelligence, a provider of global contact data quality and identity-verification solutions, announced that its technology is fueling KYC and AML initiatives for Meta Payment Systems, one of the largest prepaid card issuers in the U.S.

Meta relies on Melissa to provide “a 360-degree view” of the customer, including standardizing data to a single address and household using identity verification and geocoding in real-time, according to an announcement.

Meta Payment Systems is a division of MetaBank, and its diverse partner base increases the variety and complexity of unstructured data, with customer records topping 30 million daily, Melissa said. Foreign and domestic data are standardized, validated and enhanced at the point-of-entry.

“Data quality is clearly a key driver of Know Your Customer and Anti-Money Laundering operations,” said Ron Van Zantan, Senior Vice President of Data Systems and Business Intelligence, Meta Payment Systems. “And what’s most exciting about this technology is the improvement in the downstream experience for our end usersdemonstrated by the large number of corrected customer records, simplicity of tracking multiple changes of address, and compliance-centric focus on customer data.”

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This entry was posted on Wednesday, July 19th, 2017 at 12:10 pm and is filed under Pay News.


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