CHALLENGE
A leading payments company wanted to enhance and modernize its existing authorization offerings to streamline identity attribute verification (IAV) processes. The client needed to understand merchant, payment service providers (PSPs)/acquirer, and issuer needs around identity attribute verification, identify pain points in current solutions, align with core merchant needs, and understand which features are most meaningful to incorporate in future products updates.
THE GLG APPROACH
GLG designed and executed a two-phased research approach led by a project lead with experience across card networks, retail and commercial banks, payment processors, and payment acceptance economics. The first phase consisted of in-depth interviews targeting senior executives across industries, including financial services, hospitality, health insurance, retail, SaaS, and real estate. The second phase expanded these findings through a global quantitative survey of 102 respondents, capturing critical perspectives from target roles across merchants, acquirers, and PSPs.
OUTCOME
The project helped the client uncover key patterns in how merchants, acquirers, issuers, and PSPs approach identity attribute verification. While foundational tools and frameworks were largely found to be in place, the comprehensive analysis revealed gaps in consistency, trust, and usability to address in future product iterations.