back Back

VerityPay launches SMS-Powered B2C payment solution

By Delisha Fernandes

November 15, 2023

  • B2B SaaS
  • B2C payments
  • cell phone

VerityPay, B2C Payments, SMS Integration, B2B SaaS, digital wallets, PayPal, Venmo, cell phone, insurance, healthcare, telecommunications, QR codes, payment cards, Fintech news, USAVerityPay, a B2B Software-as-a-Service (SaaS) platform, has launched an innovative payment solution for businesses. The new solution lets businesses make payments via SMS/text directly into the digital wallets of their customers like PayPal and Venmo.

This innovative SaaS payment solution comes at a time when consumers are increasingly relying on electronic wallets for their convenience and security. VerityPay’s patent-pending SMS integration allows businesses to transfer funds and make payments without the need of app installations, QR codes, or payment cards. The platform design prioritizes security with encryption and authentication measures.

Key Features of VerityPay Include:

  • SMS-Driven Transactions: Businesses can initiate payments and fund transfers by simply sending an SMS, ensuring ease of use for their customers and driving brand loyalty.
  • Direct Electronic Wallet Integration: VerityPay seamlessly connects with various digital wallet providers so businesses can now transfer funds with just a cell phone number, instantly.
  • Enhanced Security: The platform employs state-of-the-art encryption and multi-factor authentication to protect both senders’ and receivers’ financial data.
  • No Training Interface: VerityPay’s simple intuitive interface ensures that both consumers and businesses can navigate each transaction with ease, allowing businesses to automate their payment process with immediate verification of payment and audit trail.

Robert Bowdon, VerityPay CEO, said, “We are thrilled to introduce VerityPay to the market. Our platform radically simplifies and expedites the B2C payment process. With VerityPay, we’re making digital wallet transactions possible for the first time in a business-to-consumer format for any type of payment with just a cell phone number. This will be particularly important to consumer-facing businesses in the utilities, insurance, healthcare and telecommunications space, which process millions of payments via paper checks.”

Bowdon added, “VerityPay’s approach is all about business and customer convenience, speed, surety, and accessibility. We believe this technology will empower businesses and their customers alike, facilitating seamless transactions that are faster and more user-friendly than ever before.”

Previous Article

November 15, 2023

Saudi Awwal Bank & Mastercard join forces to boost digital security

Read More
Next Article

November 15, 2023

Send Payments & PEXA team to streamline foreign exchange transactions

Read More

IBSi Daily News Analysis

Data privacy

July 16, 2024

B2B SaaS

Rise in sophisticated attacks, state-level threats, and increased ransom DDoS Incidents

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 17, 2024

SWiM PAY launches new instant digital payments feature

Read More

July 17, 2024

Mangopay & ManoMano simplify payments for marketplace sellers

Read More

July 17, 2024

FIS & Lendio launch ‘SMB Digital Lending’ to boost small business loan processes

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024