provides cloud-based, financial software products to banks and credit unions. Verientís offerings convert non-revenue producing payments into revenue-rich credit card transactions, while at the same time reducing fraud losses. Examples of Verientís broad capabilities include:
- automating business-to-business payments by replacing checks with single-use, virtual credit cards
- converting debit card transactions into credit card transactions
- allowing end user controls on individual transactions for customized payments
The Verient InfiniPAYTM platform resides directly in the electronic payment transaction flow, thereby being able to conditionally test and/or modify any data sent during the authorization process. The platform is PCI-certified and is fully compatible with the existing payments infrastructure, thus minimizing time to market for customers. Verient has twenty-four issued and pending patents on its unique architecture.
Verient is located in the heart of Silicon Valley and is funded by DoCoMo Capital and Global Catalyst Partners.