Why Verdata?
Counterparty abuse affects your bottom line.
Without historical behavior data and identity verification capabilities, 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
- Synthetic merchants
Introducing Verdata,
the counterparty data and insight network.
With Verdata, identify past high-risk counterparty 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 partner behavior interacting with other consumer issues. Verdata helps you avoid this by informing you of partner behavior before they generate complaints and attention from litigators.
Regulatory Protection
Decrease your regulatory risk due to problematic partner behavior.
Poor and misleading counterparty 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 partners have instigated consumer complaints for other finance and payment providers. 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, while payment providers lose more than $40 billion a year due to fraud-related chargebacks.. Verdata will show you whether your prospective counterparty has been flagged by another finance or payments 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 counterparty to use your financing products. Lessen the load on your internal team with our automated, intuitive solutions for more confident partner underwriting and fraud detection.
Products
Verdata provides insights into counterparty behavior across the partner lifecycle.
Onboarding
Verdata provides single-point access to proprietary, public and licensed partner identification and behavioral information combined with analytical insights for true partner intelligence.
Notifications
Get time-sensitive notifications to know when network partners and social networks see impactful changes in partner 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.
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Get Started
Schedule your demo today.
To learn what Verdata's proprietary data can do for your business, test drive our solutions today.