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Ensuring secure payment verification before sending funds is essential for reducing fraud and payment failures. Many VoPay customers already trust VoPay Verify™ to perform accurate bank account verification as part of their workflows. Now, VoPay Verify™ extends its capabilities to cover Interac e-Transfer® and card payment verification, including both credit and debit cards, through a unified, secure verification layer.
This enhanced solution empowers your platform to confidently verify recipients across all major payment types, helping to reduce fraud risk, increase payment success, and build trust with every transaction.
VoPay Verify™ is a comprehensive payment verification service built directly into the VoPay platform. It enables platforms and businesses to check the legitimacy and readiness of a recipient's payment method, whether it’s a bank account, Interac email, or credit or debit card, before sending funds.
At a high level, VoPay Verify™ helps platforms:
Your platform likely already supports embedded payment capabilities. But without strong verification, every payment carries risk. A mistyped email or unlinked Interac account can result in a failed transaction. A card with outdated credentials can trigger chargebacks or support tickets.
VoPay Verify™ makes verification part of the payment journey. You can define which transactions require Basic or Enhanced verification depending on your use case, without adding friction to the user experience.
Ensuring that employee bank accounts are verified before payroll runs can save your platform significant headaches and costs. Failed payments caused by incorrect or inactive accounts can delay salary disbursements, hurt employee satisfaction, and increase support tickets. With VoPay Verify™, payroll platforms can confirm account ownership and status ahead of time, reducing costly errors and speeding up payment cycles.
Property management and real estate platforms often need to send rent payments, security deposits, or vendor payouts securely and on time. Verifying tenant, landlord, or vendor payment details before issuing funds helps avoid delays or returned payments that disrupt cash flow and tenant relationships. VoPay Verify™ supports proptech firms in validating bank accounts, Interac email addresses, and credit or debit cards linked to recipients, ensuring money moves smoothly.
Whether reimbursing patients, paying out claims, or issuing incentives, healthtech companies require precise payment verification to maintain trust and compliance. Incorrect payment information can lead to delays and potential regulatory issues. VoPay Verify™ enables healthtech platforms to authenticate recipient bank and card details as well as Interac emails quickly, ensuring funds are delivered to the right party with confidence.
Fintech companies embedded in various financial services rely heavily on payment verification to prevent fraud and comply with regulations. From onboarding new customers and processing loan disbursements to facilitating peer-to-peer payments, VoPay Verify™ provides fintech platforms with flexible, real-time verification across bank accounts, Interac e-Transfers, and credit or debit cards. This allows fintechs to reduce fraud exposure, improve user experience, and maintain regulatory compliance without adding friction.
VoPay Verify™ delivers more than just validation; it brings confidence to every payment. Supporting all major payment types and easy integration, it helps your team reduce risk, increase efficiency, and improve the payment experience for everyone involved.
If you’re already a VoPay customer, talk to your account manager or open a support ticket to enable VoPay Verify today.
If you’re exploring solutions, connect with one of our fintech advisors to see how VoPay Verify™ can power your payments with greater trust and security.
