Verituity collaborates with Mastercard

This integration aims to facilitate near real-time payouts for commercial banks and payers. As customer expectations for faster payments rise, there is a growing demand for secure and prompt disbursement solutions. According to Mastercard’s Borderless Payments Report, one-third of consumers surveyed have experienced late or failed cross-border payments, which can result in inconveniences that impact daily life. Specifically, three-quarters of those who experienced a late cross-border payment could not support themselves financially in some way. 

Verituity's platform connects banks, businesses, and payees to verified payouts and customisable payment experiences. The cloud-based platform allows payers to customise the payout process, while payees can receive payments in their preferred manner. 

In the official press release, representatives from Verituity expressed enthusiasm about the collaboration with Mastercard, highlighting the potential for banks and businesses to use Mastercard Move for secure and efficient payments. With Mastercard Move integrated, Verituity aims to streamline domestic and international payments, reducing the time and effort required for banks, businesses, and payees. The integration also improves transaction security by ensuring immediate verification of payees and transactions. 

Mastercard officials emphasized the importance of quick and secure payments in today's global economy. Mastercard Move enables secure, near real-time payment transfers around the world.

More information about Verituity 

Verituity offers disbursement solutions to banks and enterprises, combining zero-trust payout verification with intelligent payments. The company's platform aims to deliver verified digital payouts and customisable payment experiences, backed by Forgepoint Capital and Ardent Venture Partners.

The Verituity Team has experience in the payouts, banking, tech, and security spaces, formerly holding positions at the world’s leading banks, financial institutions, and technology companies. Verituity is headquartered in McLean, Virginia, with an additional office in Atlanta, Georgia.