Company Research Report: Verituity, Inc.

Company Overview

• Name: Verituity, Inc.

• Mission: To transform payouts into a new source of value for banks, payers, and payees.

• Founded: No information is available.

• Founders: No information is available.

• Key People:

• Ben Turner: Chief Executive Officer & President

• Chris Smith: Chief Operating Officer

• Kevin August: Chief Technology Officer

• Anthony Renzette: Chief Product Officer

• Bill Gore: Chief Financial Officer

• Headquarters: 6861 Elm Street, Suite 100, McLean, VA 22101, U.S.A.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Verituity is known for its intelligent, verified payout solutions, transforming inefficient legacy payment systems into a verified digital payout platform that ensures first-time and on-time disbursements.

Products

Verituity Payouts Platform

• Description: A platform designed to deliver first-time and on-time verified payouts with intelligent payment choice, reducing payout complexity, risks, and lowering costs without significant time or money investment.

• Key Features:

• Zero Trust Payout Verification™: Ensures accuracy, safety, and compliance in digital payouts.

• Intelligent Payment Choice: Allows dynamic payment choices including ACH, Wire, Zelle®, RTP®, and more.

• Engage: Offers branded, custom experiences for payees in the context of the payer’s brand.

• Verify: Provides faster, safer, and verified payments to the right payee and account on time.

• Payout: Implements dynamic policy automation and orchestration for secure, intelligent payouts.

Recent Developments

• Recent Developments: Verituity joined forces with Mastercard on April 11, 2024, to integrate Mastercard Move into their platform, enhancing secure domestic and cross-border payouts.

• New Products Launched: No new product launches were mentioned.

• New Features Added: The integration with Mastercard Move suggests an enhancement in the platform’s capability to handle domestic and international money transfers securely.

• New Partnerships: Collaboration with Mastercard to strengthen the payout capabilities of Verituity’s platform.

Contact Information

• Address: 6861 Elm Street, Suite 100, McLean, VA 22101, USA

• Email: sales@verituity.com

Summary

Verituity, Inc. stands out in the fintech industry by offering a robust, intelligent payout platform capable of providing flexible payment options through their Zero Trust Payout Verification™ technology. By partnering with key financial service providers like Mastercard, Verituity continues to enhance its platform's capabilities, addressing the increasing demand for secure and efficient payment processing solutions.