NMI ScanX Underwriting — Automated Merchant Risk Assessment
NMI ScanX accelerates merchant underwriting with automated risk assessment. Faster approvals without compromising compliance or security standards.
NMI Helps You
Identify and
Prepare for X
X is an unknown quantity that can mean anything and everything. With our ScanX and MonitorX tools, you can quickly identify known and unknown potential risks throughout the merchant lifecycle, equipping you to make informed decisions. This is made possible through automated underwriting analysis, Know Your Customer (KYC), Know Your Business (KYB), Anti-Money Laundering (AML) data collection, and much more—all centralized into a robust automation engine.
ScanX Risk Assessment
Complete a thorough initial risk assessment in minutes, not days. Speed up onboarding,
reduce merchant abandonment, and ensure candidates align with your risk profile.
ScanX
Access the risk data and insights you need quickly to make confident decisions. Our user-friendly platform helps you gather and analyze risk data, identify risks and onboard new merchants—and it’s all tailored to your specific needs.
Talk to Our TeamMonitorX Compliance & Insights
Gain real-time visibility into your merchant portfolio for actionable insights. Maintain
compliance with regulatory standards, mitigate fraud risks, and accelerate business growth.
MonitorX
Stay informed about your portfolio with automated monitoring. Schedule periodic underwriting risk checks—or run them on-demand—and receive alerts when changes to the business’ risk profile are detected. Automate routine risk decisions and keep your compliance team’s attention focused on the critical items that require their expertise.
Talk to Our Team
Are You Prepared for X?
Resources & Insights
NMI Payment Solutions
How ScanX Scoring Works (100+ Risk Checks)
ScanX runs 100+ automated risk checks on each merchant application, producing a unified risk score in 5-15 minutes. Checks include: business registration verification (state filings, EIN lookup), credit bureau data (Experian/Equifax/TransUnion), industry vertical classification, MATCH list (terminated merchant database), OFAC sanctions screening, web presence analysis, processing history with prior providers, and beneficial owner background.
Each check produces a sub-score. ScanX aggregates them into a total risk score and assigns a tier: Low Risk (auto-approve eligible), Medium Risk (manual review), High Risk (specialty processor recommendation), or Decline (chargeback exposure too high).
Low-risk merchants in standard verticals (retail, food service, professional services) typically auto-approve within minutes. Higher-risk verticals get routed to manual underwriting or specialty processors.
ScanX vs Manual Underwriting
Traditional merchant underwriting takes 5-15 business days: paper application, document collection, credit check, MATCH lookup, BOLO check, vertical risk review, final decision. Manual review is expensive (underwriter time) and slow (merchants wait days to start processing).
ScanX automates this end-to-end for low-risk merchants: the same checks happen in 5-15 minutes via API integrations with credit bureaus, MATCH database, OFAC, and business registries. ISO partners can approve and board a new merchant in under an hour from application submission.
For higher-risk verticals, ScanX flags the application for manual review with risk score and supporting data already gathered — reducing underwriter time from hours to minutes.
Integration with Merchant Central
ScanX is built directly into NMI Merchant Central — there's no separate underwriting platform to integrate. ISO partners submit applications through the same dashboard they use for portfolio analytics and residual reports.
Workflow: ISO submits a merchant application, ScanX runs automated checks, a risk score appears in the Merchant Central queue, the ISO reviews and approves (low-risk auto-approves), the merchant boards to the chosen processor, and the account goes live for transactions.
All risk data is preserved for compliance records — auditors and regulators can see the full underwriting trail per merchant.
ScanX FAQ
Is ScanX available to all NMI partners?
ScanX is included with NMI Merchant Central — available to ISO partners and SaaS platforms reselling NMI. Direct merchants typically don't use ScanX (their reseller handles underwriting).
How accurate is ScanX risk scoring?
ScanX achieves high accuracy on low-risk verticals (90%+ correct auto-approve decisions). For high-risk verticals, ScanX flags for manual review rather than making fully-automated decisions — preserving underwriter judgment where it matters.
Can ScanX be overridden by a manual underwriter?
Yes — every decision can be manually overridden. ISO underwriters can approve flagged applications or decline low-risk ones based on additional context not visible to automation.
What's the cost of ScanX?
ScanX is included in NMI Merchant Central at no additional license fee. Third-party data costs (credit bureau queries, MATCH lookups) are pass-through.