Verituity – Transforming Payouts

It’s time to change the way payouts are done.

Verituity transforms payouts beyond transactions into new sources of value, by delivering first-time and on-time verified payouts and intelligent pay-by-anything experiences, all while reducing payout complexity, risks, and lowering costs.

75% of businesses need faster payouts
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64% of payees want faster, safer, verified payouts
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+70% of payees want payment choice
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The Verituity Payouts Platform

Verituity’s verified payouts platform connects banks, payers, and payees through a digital, intelligent platform that places Holistic Verification™ and an adaptive policy engine at its core. We uniquely strengthen payout speed, accuracy, and visibility, and deliver intelligent pay-by-anything and anywhere payment choice, all while reducing complexity, risks, and costs.

Take the Verituity Value Assessment to see the impact on your business

Verify: Faster, safer, verified payments

Pay the right payee, the right account, the first-time and on-time
Reduce payment fraud, errors and exceptions
Enhance PII, PCI and security compliance

Payout: Dynamic policy automation & orchestration

Turnkey, dynamic payout instruction and processing
Enables a secure, intelligent pay-by-anything, anywhere customer experience

Engage: Branded, custom experiences

Payees engage in the context of the payer’s brand
Dynamic payment choice: ACH, Wire, Zelle®, RTP®, push to debit, virtual card and check
Frictionless experiences, mobile and web

Quick time to value

Reduces payment errors, fraud, and cost of payout processing
Improves payer and payee satisfaction, increasing share of wallet
Rapidly offers verified payout experiences

Customer Success Stories

Large Bank

The Need

Seeking to modernize to meet rapidly evolving marketplace needs
Transforming payouts into new Treasury services revenue
Help accelerate corporate clients’ switch to faster, more efficient digital payments

The Challenge

Lack of verification
Existing infrastructure designed for legacy payout processes
Siloed payment processing

The Reward

Increased payout success rates
New revenue resources and winbacks
Lower operating costs
Enhanced data compliance

First-Time and On-Time Verified Payouts and Intelligent Pay-By-Anything

Large Insurance Company

The Need

Reduce high incidence of checks and associated exception, remediation, and processing costs
Payees demanding greater payout choice and faster payouts
Seeking overall to modernize and drive digital transformation

The Challenge

Lack of verification
Existing infrastructure designed for legacy payments
Driving transformation across a network of complex IT organizations
Execution across multiple product lines

The Reward

First-time and on-time verified payouts and intelligent pay-by-anything
Reduction in checks and associated costs
Turnkey, IT-agnostic rollout and modernization of the payout process
Robust reporting and reconciliation

First-Time and On-Time Verified Payouts and Intelligent Pay-By-Anything

Entertainment

The Need

Rapidly replace legacy digital wallet solution which typically resulted in failure rates of over 30%
Critical demand for accurate first time, on time payouts
Cross border payouts with payment type choice

The Challenge

Lack of payee and account verification
Mitigating high historical payout failure rates
Executing cross border payments securely across multiple payment solutions

The Reward

Reduced payout failures, fraud, and remediation
Improved customer experience with first-time and on-time verified payouts
Cross border payment processing and data compliance

First-Time and On-Time Verified Payouts and Intelligent Pay-By-Anything

Have Questions? Contact us to learn more.

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