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Listen to the full podcast episode here.

Our CEO Ben Turner chatted with Greg Myers of Leaders in Payments about how businesses can increase customer and supplier satisfaction by introducing payment choice.

Ben shares how businesses (payers) across industries such as financial services, insurance, and even gaming can create unique payout experiences while driving down risk and costs.

In a rapidly changing digital world, Ben talks about how making verified payouts the first-time and on-time, whether it’s now, in a few days, or weeks from now, it should be the standard. It’s our job to remove the payout complexity, verify all parts of a transaction, and make payment choice simple.

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Verituity has joined BNY Mellon’s Accelerator Program to explore opportunities to provide faster, smarter, verified payout solutions that address real business challenges faced by BNY Mellon clients. BNY Mellon’s Accelerator program seeks out the best emerging technology companies globally to explore next-generation solutions that solve real business challenges.

Verituity’s cloud-based platform powers accurate, first-time, and on-time payouts by elevating verification, intelligence, and compliance to the core of digital disbursements. The Verituity platform automatically handles the complexities of digital payouts while unlocking greater payment choice, increased efficiencies, and faster, safer disbursements.

“Given the significant advancements in the digital payments space, consumers and businesses increasingly expect payors to meet them on their preferred payment platforms. We think Verituity will allow businesses to do exactly that – with the trust and confidence that is crucial for the long-term success of business-client relationships, said Carl Slabicki, Managing Director of Strategic Payment Solutions at BNY Mellon. “We look forward to working with the Verituity team as we explore opportunities for new solutions that will help our clients harness the latest payment capabilities such as RTP®, Account Validation Services and other payments services via a single integration.”

“Verituity’s faster, smarter, verified payouts platform reduces fraud and errors, lowers costs, and boosts customer loyalty for banks and their business clients,” said Ben Turner, CEO, and Founder of Verituity. “We look forward to working with BNY Mellon to pursue verified digital payout solutions that will drive value for BNY Mellon, their clients and payees.”

About Verituity
Headquartered in McLean, VA., Verituity is a cloud-based platform that connects banks, payers, and payees to first-time and on-time digital payouts and pay-by-anything experiences. Verituity’s secure platform places verification at the core of digital payouts by seamlessly unifying and automating identity verification, payment choice, account verification, and verified payment orchestration so payers and payees can make or receive digital payouts with confidence and choice.
For more information, please visit: www.verituity.com.

About BNY Mellon
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of Dec. 31, 2021, BNY Mellon had $46.7 trillion in assets under custody and/or administration, and $2.4 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).
Additional information is available on www.bnymellon.com.
Follow us on Twitter @BNYMellon or visit our newsroom at
www.bnymellon.com/newsroom for the latest company news.


RTP is a registered service mark of The Clearing House Payments Company L.L.C.

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Platform Modernizes Banking Treasury Services and Powers First-time and On-time Verified Digital Payouts

May 25, 2021 – McLean, VA

Verituity, the verified digital payments platform that modernizes banks treasury services and connects banks, payers and payees to first-time and on-time digital payouts experiences, announces the closing of a $10 million Series A funding co-led by ForgePoint Capital and Ardent Venture Partners. Verituity plans to use the funds to expand its go to market efforts and enhance its cloud-based verified digital payout platform. Don Dixon, Managing Director at ForgePoint Capital, and Phil Bronner, Co-founder and General Partner at Ardent Venture Partners, will join Verituity’s board of directors.

“As the demand for secure and reliable digital payouts continues to surge, our mission is to extend a bank’s ability to offer innovative digital solutions to their business clients that power first-time and on-time digital payouts. By making it frictionless for banks to connect to our platform, banks can modernize their treasury services, reduce their payout and compliance risks, lower operating costs, and rapidly launch new revenue streams,” said Ben Turner, CEO and founder of Verituity.

The growth of digital payouts is surging as more and more businesses seek to digitize their payouts to their customers and suppliers. Verituity empowers banks to take advantage of this shift by enabling branded and differentiated digital payout solutions for their business clients. Verituity’s cloud-based, bank grade platform integrates and automates identity verification, payment choice, payment account validation, risks and data compliance, and verified digital payment orchestration into a unified web and mobile experience. These experiences provide the bank and payer with confidence that they are paying the right payee and the right payment account on the first time and on time.

“Verituity sits at the intersection of identity verification, fraud prevention, and successful digital payouts. The company’s platform is a transformative solution that places verification at the core of digital payouts to extend the value of banks’ treasury services and enables them to compete with fintechs more effectively. We are excited to partner with Verituity and help them lean into growth as they solve a critical problem in payments,” said Don Dixon, Managing Partner at ForgePoint.

Phil Bronner, Co-founder and General Partner at Ardent Venture Partners, added, “We look to invest in innovative companies like Verituity that drive value through automation and intelligence. Whether it’s insurance companies paying claims, businesses paying their suppliers, or merchants issuing refunds, Verituity’s platform leverages automation and intelligence to connect banks, payors and payees to verified digital payouts.”

About Verituity

Headquartered in McLean, Va., Verituity is a powerful cloud-based platform that modernizes bank treasury services and connects banks, payers and payees to first-time and on-time digital payouts and pay-by-anything experiences. Verituity’s bank-grade platform places verification at the core of digital payouts by seamlessly unifying and automating identity verification, payment choice, payment account verification and verified payment orchestration so payors and payees can make or receive digital payments with confidence. For more information, please visit: verituity.com.

About ForgePoint Capital

ForgePoint Capital is the premier cybersecurity venture fund investing in transformative companies protecting the digital world. The firm is one of the most prolific investors in early and growth stage cybersecurity companies with over 40 global cybersecurity investments. The team brings more than eight decades of company building and value creation experience, drawing upon the largest network of trusted cybersecurity industry experts and customers to support entrepreneurs who are building great companies. Based in the San Francisco Bay Area, the firm partners with exceptional cybersecurity entrepreneurs worldwide. For more information, please visit www.forgepointcap.com or follow us @ForgePointCap.

About Ardent Venture Partners

Ardent Venture Partners is a Washington DC-based early-stage venture fund investing in companies located in growing tech hubs that transform the way we work. AVP sectors include vertical applications that leverage an automation driver such as AI/ML, robotics, marketplaces, or low code/no code; Future of Work; and Security. AVP GP and CEO partners are located in the Mid-Atlantic (New York to Washington DC), Atlanta, and Boulder Denver. www.ardent.vc

Read the announcement on Business Wire.