Why Verdata?
Counterparty abuse affects your bottom line.
Without a data repository of historical performance of industry sellers, it is difficult to identify the best partners for your business.
Examples of fraud and poor behavior:
- Repeated product or service misrepresentation
- Regulatory body complaints
- Criminal behavior
- Fraud rings
- Non-compliant marketing
Introducing Verdata,the seller data and insight network.
With Verdata, identify past high-risk seller behavior, and avoid fines associated with regulatory complaints.
Benefits
Litigation Protection
Avoid the consumer litigation risk that comes with picking poor partners.
Consumer litigation can be generated by poor seller behavior interacting with other consumer issues. Verdata helps you avoid this by informing you of seller behavior before they generate complaints and attention from litigators.
Regulatory Protection
Decrease your regulatory risk due to problematic seller behavior.
Poor and misleading seller behavior can generate consumer complaints to regulatory bodies, which for you can lead to unfriendly audits, lawsuits from Attorney Generals and massive fines. Verdata will show you which sellers have instigated consumer complaints for other financers. You can also improve your relationship with regulators through participation with Verdata.
Fraud Protection
Save hundreds of thousands of dollars this year from fraud.
Point-of-sale finance providers lose almost 20 billion dollars a year to fraud. Verdata will show you whether your prospective seller has been flagged by another finance provider for past behavior that resulted in losses.
Streamline your Business
Save time with Verdata's automated processes and grow your business with more confidence.
The faster you underwrite, the more likely it is for a seller to use your financing products. Lessen the load on your internal team with our automated, off-the-shelf solutions for more confident seller underwriting and fraud detection.
Products
Verdata provides insights into seller behavior across the credit lifecycle.
Onboarding
Onboard with confidence. Leverage proprietary industry-reported data, combined with aggregated regulatory data, for a comprehensive view of each seller.
Notifications
Get time-sensitive notifications to know when network partners see impactful changes in seller behavior.
Portfolio Health Check
Compare your portfolio to your industry peers in terms of fraud exposure and regulatory vulnerability.
Insights
Learn more about how your company can mitigate risk.
We love sharing what we know. View our most recent articles using the links below.
Introducing Verdata
“Finally, we can leverage seller insights the same way we can for consumers. Verdata has…
Get Started
Schedule your demo today.
To learn what Verdata's proprietary data can do for your business, test drive our solutions today.