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Verituity

Verituity

Solution(s): Verified Payouts Ecosystem
Website(s): verituity.com (Off-site)
Contact: Dan Dellegrotti, dan.dellegrotti@verituity.com

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Services and products to support the FedNow® Service

Today, the Verituity platform is a verification-focused payout platform that applies unique verification checks at each stage of the payout lifecycle. Verituity integrates with and provides a single unified access point to access and orchestrate multiple payment rails, related systems and workflows for the largest financial institutions and corporate enterprises in the United States. For example, core banking customers include one of the two largest banks in the United States, as well as two of the top 10, and three of the top 15 (by asset size). Furthermore, our direct payer customer segment is also headlined by a top 2 logistic provider and top 15 P&C insurer (by market share), for whom we integrate with three other top 5 banks that are, presently, not our direct banking customers.

Segment type(s)

  • End-User Service Provider
  • Financial Institution Service Provider

Solution type(s)

  • Payment Service Providers
  • Payment Testing Platform Providers (including Sandbox Opportunities, proof-of-concept services)
  • Payments Hubs/Platforms/Payment Gateways
  • Risk Management and Fraud Services

Use cases/markets served

  • Construction
  • Government (e.g., municipality, state, federal)
  • Insurance
  • Merchant
  • Transportation

FedNow functionality supported

  • Back Office/Treasury Management Services
  • Fraud Prevention/Monitoring Services
  • Other

Ability to integrate with outside core processing solutions

  • Yes, any (core agnostic)

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Note on exchange information

Federal Reserve Financial Services (FRFS) is solely a host for the information presented in this Innovator Exchange and the inclusion or exclusion of a provider should in no way imply any relationship with, or recommendation or endorsement by, the Federal Reserve. Exchange presenters are not utilized by the Federal Reserve for the production or delivery of the FedNow Service. FRFS takes no responsibility for the content or accuracy of the information presented. Users of the exchange should perform their own due diligence on providers. See the Terms of Use and Privacy Policy for additional information.