OUR STORY
High-risk merchant acquiring has always been challenging, but the rollout of Visa’s Acquirer Monitoring Program (VAMP) and Mastercard’s updated SMMP and the Global Merchant Audit Program (GMAP) standards has made it even tougher. They’ve raised expectations for merchant compliance, and toward greater accountability for portfolio quality for acquirers, ISOs and their sponsor banks.
The old model – a one-time underwriting effort followed by periodic reviews and after-the-fact enforcement – isn’t up to these new challenges. By the time a problem merchant shows up on a month-end acquirer report or a card brand monitoring notice, the damage, and often the fine, is already done. You’ll never be able to hire enough compliance personnel to watch every MID in real time. And turning away or terminating high-risk merchants to reduce “high risk” exposure misses the point – and the profit.
That’s why we developed SLYCE360, leveraging our sister company’s 30+ years’ experience managing compliance for high-risk MCCs.
SLYCE360 isn’t a chargeback mitigation reseller or representment service. Those providers work to deflect or re-collect one dispute at a time. SLYCE360 is a payments analytics and compliance platform built for acquirers, ISOs and the medium- and high-risk merchants they support. It monitors your entire portfolio for emerging compliance and fine risk, and acts as a force multiplier for your compliance team by re-evaluating each merchant’s risk profile on a transaction by transaction basis, long after the merchant has cleared underwriting and started processing. We coined a term for this new approach: Continuous Underwriting.
Acquirer and gateway reports each show part of the picture, in their own formats and on their own schedules. SLYCE360 brings together authorization, refund, chargeback, fraud alert and dispute data from those sources and matches it with the merchant’s CRM data at the transaction level – a view no single acquirer or gateway report can provide. Automated notifications flag developing issues, such as a merchant trending toward a card brand monitoring threshold, before they become a threat. SLYCE360 then delivers recommended action plans, each with a predicted likelihood of success, to both the acquirer and the merchant.
By design, SLYCE360 resets the acquirer-merchant relationship. Instead of arguing from competing, and often incomplete, data, both sides see the same payments data through a common lens, developing a shared perspective of medium- and high-risk payments problems and opportunities.
Perhaps SLYCE360’s biggest advantage? Two ways to earn. Mark up our PSP buy rate and make our service a requirement for new or continued processing for high-risk merchants or let us sell it to your merchant base and collect a commission. Sounds too good to be true? It isn’t. Just ask our clients.
The old model – a one-time underwriting effort followed by periodic reviews and after-the-fact enforcement – isn’t up to these new challenges. By the time a problem merchant shows up on a month-end acquirer report or a card brand monitoring notice, the damage, and often the fine, is already done. You’ll never be able to hire enough compliance personnel to watch every MID in real time. And turning away or terminating high-risk merchants to reduce “high risk” exposure misses the point – and the profit.
Keep the Merchants. Lose the Fines.
Want to know how our clients have benefitted? Let’s chat!
Talk to a risk expert now.
OUR TEAM
SLYCE360’s leadership team built its expertise as operators and marketers before it became a provider of payments fintech. The team has decades of experience marketing and processing card-not-present (CNP) subscription transactions as a high-risk merchant through multiple gateways and acquiring venues. The payments expertise they developed became the core of SLYCE360.
Today the team combines marketing leadership, card-brand compliance knowledge, fraud and dispute analytics, and SaaS product development into a risk and compliance platform like nothing else in the marketplace, allowing our clients to move seamlessly from one-time to Continuous Underwriting.
George Richards Founder and Chief Executive Officer
As CEO and a serial entrepreneur, George conceived Slyce360 as a service to address the turbulent and multi-faceted risk exposures, high merchant churn, and lost ROI that plague the medium and high-risk acquiring ecosystems. With 30+ years of experience as a high-risk merchant himself, as well having acted as a former McKinsey & Company consultant to Fortune 100 companies, he thrives on designing problem solving solutions like Slyce360 for payment services providers and their merchants. He’s uniquely suited to guide the company’s strategy and drive its future growth. George earned a Bachelor of Science in Economics, summa cum laude, and an MBA, with distinction, both from The Wharton School at the University of Pennsylvania.
Paul Wallerich Senior Vice President, Market Strategies
Paul leads the Slyce360 go-to-market strategy, building relationships with the acquiring, ISO and merchant communities. He also drives the product roadmap that makes Slyce360 unique in the marketplace. Paul’s background includes merchant and ecommerce experience with senior roles at Sempris, a leading marketer of discount savings programs, and at Digital River where he managed several ecommerce platforms and led the launch of their affiliate network, OneNetwork Direct. Paul earned a Finance undergraduate degree and an MBA, graduating with distinction, from The University of Minnesota.
Nic Wacker Vice President of Business Intelligence
At Slyce360, Nic leads the development of analytics and business intelligence capabilities, translating complex payments data into strategic, actionable insights. He also oversees the analytics, forecasting, and payments teams for other companies under Slyce360’s parent company, Big Bridge Holdings. Previously, Nic served in Grant Thornton’s advisory practice, where he advised companies on transaction-related matters and conducted complex forensic accounting investigations, primarily related to bribery and corruption. Nic earned an undergraduate degree in Accounting from the University of Minnesota – Duluth.
Ethan Soper Director of Product Development
Ethan is the senior technology leader focusing on building scalable, efficient enterprise SaaS platforms, bringing that drive to the creation, launch, and improvement of the company’s products and services. His background includes architecting and executing Best Buy’s migration of its monolithic ecommerce backbone into the AWS cloud, pairing cloud infrastructure automation, CI/CD pipelines, and load testing at scale. At C.H. Robinson, he engineered high-volume transaction and analytics systems within Microsoft’s Delivery practice, processing millions of events during peak retail periods.