Treasury and Payments
Validate account information with speed, simplicity, and security
Frustrated with payment processing rejections?
Payment processing rejections can lead to a heightened risk of fraud, increased costs from payment returns and poor customer experience due to delays in processing payments.
Introducing Confirm: A secure application to pre-validate customer account information.
Confirm validates payments through a secure peer-to-peer blockchain network. Institutions can request validation of an account prior to initiating payment, respond to requests for account owner and status, or participate as both a requestor and a responder.
Improve Payment Processing Efficiency: Reduce the occurrence of payment returns due to incorrect payment information. Decrease operating costs and improve straight-through processing rates.
Prevent Fraud Attempts: Mitigate fraudulent activity by pre-validating account information so participants know beforehand if the instructed beneficiary matches the owner of the account they are paying.
Monetize Your Data: Securely monetize data assets by responding to information requests from institutions. Create new revenue streams for your organization while improving the payment process for consumers and businesses – all on a secure, permissioned blockchain network.