Know Your Business or ‘KYB’ is an important compliance process that ensures the verification of corporate entities or businesses. This is required by the payment industry regulations as a prerequisite to business entities being payout.
The form asks questions about the company's:
Owners and registered directors
Expected payment volumes
Who can see the KYB data and documents?
Access to the KYB form is highly restricted.
Within Avinode Group, only the Paynode staff persons directly responsible for the KYB process have access to the form (this is a tightly controlled and limited group) along with the compliance teams of our payment solution providers.
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