July 19, 2012 09:12 ET

Payza Selects LexisNexis for Compliance Screening

Online Payment Company to Employ Solution From Leading Due Diligence Service

NEW YORK, NY and LONDON--(Marketwire - Jul 19, 2012) -   Payza, one of the largest payment platforms for e-commerce, corporate disbursement and remittances, announced today that it has contracted with LexisNexis, a leading global provider of content-enabled workflow solutions, to serve as its compliance screening services provider for identity verification and authentication. The move will allow Payza to augment its compliance processes for sanction screenings, a requirement of all companies in the payments industry.

"We selected LexisNexis for the breadth of its coverage," said Mohammad Hashemi, director of product strategy for Payza. "In the payments industry, you must maintain a constant vigil on the transactions you facilitate. LexisNexis allows us to perform due diligence in real-time and flag names that may pose a risk to our business."

The LexisNexis system interfaces with sanctions lists throughout 180 countries and is updated on a daily basis. "This will streamline our processes considerably," says Hashemi, "alerting Payza to potential violations in a straightforward and timely fashion."

The LexisNexis solution is specifically designed to serve the multi-billion dollar risk information industry, which is comprised of professionals and organizations including those in financial services. The solution helps organizations mitigate risk and manage assets with an expansive, on-the-ground commercial due diligence network and the most current, accurate reports designed to fit an organization's specific needs.

About Payza
Payza is one of the largest payment platforms for e-commerce, corporate disbursements and remittances worldwide. Payza offers a highly secure e-wallet that provides businesses and consumers with convenient and flexible solutions for sending and receiving payments worldwide. The company offers access to payment services in both traditional and emerging markets as well as a host of tools and services including: fraud screening, dispute resolution, currency exchange, global payouts and disbursement services. In the 197 countries in which Payza operates, it conducts business in 22 different currencies for over 9 million individuals and 75,000 merchants.

For more information about Payza and the features it offers, or to sign up for an account, visit

Contact Information

  • Contact:
    Gary Thompson
    Clarity Communications for Payza
    415-963-4082, ext. 101
    Email Contact