Verisk Analytics, Inc., a data analytics provider, has signed a definitive agreement to acquire Wash.-based G2 Web Services, an industry-leading provider of merchant risk intelligence solutions for acquirers, commercial banks, and other payment system providers.

G2 Web Services will become part of Argus, a Verisk Analytics business, which will allow Argus to enhance its offerings to clients and partners, providing unprecedented market-leading solutions in merchant and consumer fraud and reputational risk detection.

G2 provides acquiring banks, payment companies, and commercial banks the solutions they need to identify, mitigate, and monitor payments risk in their merchant and business customer portfolios. G2 Web Services has gathered more than a decade of merchant-specific data, which is incorporated in the G2 Merchant Map, the industry’s most extensive fraud and compliance database. Combining data science, industry-leading technology, and deep domain expertise, the company leads the payments industry in the identification of third-party merchant risk for hundreds of the world’s largest financial institutions.

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