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Faster B2C
Payments
powered by
VerityPay

Offer your business clients a new way to pay consumers

Businesses can send payments by text message directly to customers’ phones, eliminating the need for paper checks, complex registration, and banking apps. Built with industry-leading compliance and data protection measures to keep transactions safe.

Perfect for your diverse business portfolio

Ideal for:

Medical offices, dental clinics, veterinary offices, gig-economy businesses, and service companies who issue a high volume of refund checks or have a need for same day payment.

Case Study

A leading name in the title industry has always been committed to providing exceptional service to its customers. In September 2024, this organization became the first adopter of VerityPay’s innovative SMS-based payment platform.

Refund payments are an essential, but operational burdensome, task for title companies

Traditional check issuance often results in:

  • High administrative costs
  • Delays in customer reimbursements
  • Unclaimed refunds due to outdated customer information

For this company, the inefficiencies associated with managing dormant accounts and processing refunds were significant pain points.

The VerityPay Solution

VerityPay introduced a revolutionary payment method, enabling businesses to pay consumers via SMS text message. The recipient receives a text notification, clicks the link, and securely receives funds on their preferred platform.

This streamlined process eliminates the need for costly and time-consuming checks, as well as the associated fraud, cost, and laborious hassle.

Improved Payment Conversion Rates

Current Refunds (<60 days old): 83% conversion rate. Rapid delivery and ease of use significantly improved customer satisfaction and payment completion rates.

Dormant Accounts (>60 days old): 39% conversion rate. VerityPay successfully engaged consumers who were previously unresponsive due to outdated contact methods.

Operational Efficiency Gains

Time Saved: The company’s accounting team saved an average of 7 hours per person, per week. Automating payment workflows freed up valuable team resources for higher value activities.

Expense Reduction: By replacing traditional checks with VerifyPay, the company saved $5.50 per check. With their volume of checks replaced monthly, the cumulative savings were substantial.

This organization’s experience with VerityPay highlights the potential for transformation across industries reliant on refund or disbursement payments. By adopting this modern payment solution, businesses can achieve:
  • Enhanced customer engagement and satisfaction
  • Significant time and cost savings
  • Greater efficiency in payment workflows

Our Partnership

DeNovo Treasury is a certified partner and distributor of VerityPay for community financial institutions. We provide implementation and go-to-market support for financial institutions that offer the VerityPay solution to their commercial clients.
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