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.
Institutions can inquire about validation of an account prior to initiating payment, respond to inquiries for account owner and status, or participate as both an inquirer 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 inquiries 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.