VERITUITY

I had a productive conversation with Tim Pawul from Minerals & Royalties Authority about preventing fraud and errors when making energy royalty payments. Whether it’s shifting royalty owners from check to lower cost and safer digital payments or simply making payments via wire or other digital payment channels, VERITUITY’s platform uses AI and automation to ensure the right royalty owner and payment account is paid on-time, every time. To learn more, listen to The Minerals and Royalties podcast titled "How to Avoid Wire Fraud and Create Secure Payment Processes". https://lnkd.in/ebaebCme

Verification Of Payee for batch payments: compliance or complexity? Batch payments have long been a standard for corporates. But with the new Verification Of Payee (VOP) requirements, they are now facing new challenges. Every SEPA Instant Payment and SEPA Credit Transfer must be verified. This includes bulk and batch payments and adds extra steps to high-volume transactions. ?? Verification is required for all payment initiation channels, including batch and bulk payments. ?? Opting out is possible, but only for corporates. Banks and PSPs must still offer the service. ?? Regulatory compliance is non-negotiable, but how verification is integrated will impact operational efficiency. This raises key questions for both corporates and financial institutions. ? How will batch verification affect processing times? ? Will opting out shift too much risk to corporates? ? What is the best way to integrate verification without slowing down payments? VOP is set to change how bulk payments are handled across Europe. The challenge is no longer just compliance. It is about making it scalable, practical, and risk-proof How is your organization preparing for batch payment verification under the new VOP requirements?

Real time payments are gaining traction and transforming the way we move money. But with new forms of payment come new risks, and fraudsters aren’t waiting to seize the opportunity. The challenge? Speed. There’s no cushion, no safety net, no time to figure things out and recover funds if something goes wrong. If fraud risk is not managed well, instant payments can quickly translate into instant losses. Are we ready to outpace fraud in the era of real time payments? Let’s talk about it. ?? #payments #realtimepayments #futureofpayments #paymentsecurity #fraud #financialcrime #identitytheft #riskmanagement #ai #fintech

I recently was interviewed by Joey Pizzolato at American Banker for his article on using AI to combat cross border payment fraud.?One of the topics we discussed is the power of using advanced analytics, including AI, to know, verify and understand the relationships that surround payments when it comes to mitigating B2B and B2C payment errors and fraud.

I recently was interviewed by Joey Pizzolato at American Banker for his article on using AI to combat cross border payment fraud.?One of the topics we discussed is the power of using advanced analytics, including AI, to know, verify and understand the relationships that surround payments when it comes to mitigating B2B and B2C payment errors and fraud.

We’re excited to announce our successful $18.8 million funding round close, led by Sandbox Industries and Forgepoint Capital, supported by Ardent Venture Partners and MTech Capital. This investment enables us to expand into new markets like mortgage servicing and energy and continue innovating in advanced ML and AI models that support our Zero Trust Payout VerificationTM platform. ? Read more about the announcement in Axios: https://lnkd.in/enMvY5N9