Purpose
Business Verification/KYB confirms that the creditor company is a valid business before sensitive billing, merchant, and consumer account workflows are enabled.
How It Should Work
- It should collect the business details required for verification.
- It should submit verification data to the approved verification provider.
- It should show a clear pending, approved, or failed verification state.
- It should keep verification results attached to the correct creditor company.
How It Should Not Work
- It should not allow one creditor to view or reuse another creditor’s verification data.
- It should not treat pending verification as approved.
- It should not silently ignore failed verification responses.
- It should not expose sensitive business identity data to unauthorized users.
Developer Notes
- KYB state can affect membership activation, merchant onboarding, and payment readiness.
- Preserve provider responses and status changes for audit and support review.
Last modified on June 1, 2026
