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It’s time to change the way payouts are done

Verituity transforms payouts beyond transactions into new sources of value, by delivering first-time, on-time 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 Payout Platform

Verituity’s verified payout platform connects banks, payers, and payees through a digital, intelligent platform that places contextual 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.

Payment platform solution
Fast Accurate Payments

Verify: Faster, safer, verified payments

  • Pay the right payee, the right account, the first-time, on-time
  • Reduce payment fraud, errors and exceptions
  • Enhance PII, PCI and security compliance
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Payout: Dynamic policy automation & orchestration

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

Engage: Branded, custom experiences

  • Engage payees 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
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Quick time to value

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

Customer Success Stories

Bank

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, On-Time Payouts and Intelligent Pay-By-Anything

Customer Using Payout Platform

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. on-time 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, On-Time Payouts and Intelligent Pay-By-Anything

Gaming

Entertainment

The Need

  • Rapidly replace legacy digital wallet solution which 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, on-time payouts
  • Cross border payment processing and data compliance

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

Have Questions? Contact us to learn more.

 
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