R365 is committed to putting power in the hands of our customers. That's why we have partnered with Meow.com to provide a faster, easier, and more hands-on approach to identity verification.
To set up a new legal entity with R365 Payments, complete the verification form at https://restaurant365.meow.com/. This form checks the validity of the business, legal entity, and the legal identity of the person completing the form. This process, known as Know Your Business (KYB) is a crucial step in modern fraud prevention practices.
What Is Know Your Business (KYB)?
Know Your Business (KYB) is the process of verifying the legality of businesses and the people who manage them.
By practicing good Know Your Business (KYB) strategies, R365 ensures that every organization we work with is legal, legitimate, and trusted, which helps protect R365 and our customers from potential fraud and money-laundering schemes.
All fintech (financial technology) companies are required by law to perform KYB checks, but it's smart for any business to do so to prevent fraud.
KYB verification can be complex and time-consuming. To streamline this process and enhance security, R365 utilizes Meow.com, a trusted third-party tool designed to safeguard business and user information.
Prerequisites
Have the following documents ready:
Formation document for the business, such as an Article of Incorporation, Certificate of Formation, Certificate of Organization, or an operating agreement.
EIN Verification Letter for the business, provided by the IRS.
Government-issued ID, such as a driver's license, passport, or other form of identification for all individuals to be verified.
Proof of address, such as a driver's license, lease, mortgage statement, or utility bill for all individuals to be verified.
Bank documents, such as a voided check or statement or any document that includes the legal entity’s name and the full account number to be used for R365 payments.
Meow Onboarding Form
Use the meow link to begin the onboarding process.
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Tips for Completing the Onboarding Form
When prompted, Enter the Legal Name and R365 Legal Entity Number as they appear in the Legal Entity Record in R365.
When prompted to enter the R365 Instance URL, enter the first part of the R365 web address for your organization. This is usually the name of the organization. Do not include '.restaurant365.com' as this part is pre-filled.