Citi Launches Citi® Verify
May 07 2019 - 10:50AM
Business Wire
Real-Time Data Validation Service for
Institutions
Citi Verify will Provide Access to GIACT’s
EPIC Platform®
Citi’s Treasury and Trade Solutions (TTS) has launched Citi®
Verify, a new identity and account verification solution that helps
clients streamline customer onboarding, reduce the risk of improper
payments, and drive operational efficiencies. Through Citi’s
relationship with GIACT Systems®, a leader in helping companies
positively identify and authenticate customers, Citi Verify
provides institutional clients the ability to validate their
US-based customers’ information prior to enrolling and initiating
transactions.
With Citi Verify, Citi customers will gain access to GIACT’s
EPIC Platform, an extensive, real-time network of identity
verification and authentication services available in the market.
“Citi Verify demonstrates our commitment to providing a seamless
payment experience, especially at a time when the industry is
moving towards real-time and tokenized payments,” said Alberto
Casas, North America Payments and Receivables Head, with Citi’s
Treasury and Trade Solutions. “Not only does Citi Verify provide a
layer of assurance for our clients when onboarding new customers,
it also addresses the major costs incurred across the industry from
misdirected payments, such as ACH returns, and will significantly
strengthen the case for institutional adoption of Instant Payments.
Our clients will now have added visibility and assurance that their
transactions will be processed successfully.”
In addition to account verification, Citi Verify goes a step
further than other similar services by providing customer identity
verification as well. Available through a single API or via a web
or batch interface, Citi clients can access an extensive network of
identity verification and authentication services, including
customer intelligence comprised of over four billion records.
“Customer intelligence has become vital as the speed and volume
of e-Commerce, payment processing, and digital onboarding continues
to increase exponentially,” continued Casas. “With Citi Verify, our
clients now have access to the most comprehensive identity and
account verification solution in the marketplace.”
Citi Verify is currently available to clients in the United
States and will be integrated into the existing suite of payments
and receivables solutions offered by Citi’s Treasury and Trade
Solutions.
Citi’s Treasury and Trade Solutions (TTS) enables our clients'
success by providing an integrated suite of innovative and tailored
cash management and trade finance services to multinational
corporations, financial institutions and public sector
organizations across the globe. Based on the foundation of the
industry's largest proprietary network with banking licenses in
over 90 countries and globally integrated technology platforms, TTS
continues to lead the way in offering the industry's most
comprehensive range of digitally enabled treasury, trade and
liquidity management solutions.
About Citi
Citi, a leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
About GIACT
GIACT® has been helping companies verify valued customers since
2004. From financial to insurance, to retail, to solutions for your
industry, GIACT offers customer intelligence for complete payment
confidence. As the leader in providing real-time data to help
companies mitigate payment risk and fraud, our OFAC screening, ID
verification, account verification and authentication, and mobile
verification solutions enable you to focus on providing unmatched
customer experiences. Since our founding, we've processed billions
of transactions for our more than 1,000 customers. For more
information, visit www.giact.com or
call 1-866-918-2409. Follow us
on LinkedIn and Twitter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190507005745/en/
Media:CitiNina DasTel: 212-816-9267nina.das@citi.com
GIACTRobert WoodsTel: 917-882-7488robert@sohoadvisors.com
Citigroup (NYSE:C)
Historical Stock Chart
From Mar 2024 to Apr 2024
Citigroup (NYSE:C)
Historical Stock Chart
From Apr 2023 to Apr 2024