Introducing PaymentShield, A Payment Verification Service by FundingShield
Bank Account Verification Software
PaymentShield is an industry-agnostic service that allows you to verify any individual or business bank account details using FundingShield’s integration with MasterCard Open Banking.
Open banking requires the payee to consent to sharing their banking data with the payor.
Our-API driven solution ensures that you receive accurate source data directly from the payee’s financial institution to verify account information
Ô£ö´©Å Instantly verify bank account and routing numbers for outgoing funds
Ô£ö´©Å Verify payments to: vendors, general contractors, home sellers, appraisers, or any other party who is to be paid
Ô£ö´©Å The workflow can be white-labeled/branded to your liking with no coding required
Ô£ö´©Å Works with over 6,500 financial institutions in the US
Ô£ö´©Å Bank-grade encryption utilized from start to finish
Dynamic admin dashboards with real-time tracking
An easy and secure workflow for fund recipients
Full Visibility and Coverage
Effective payment verification controls
Protection against cyber interference / Business email compromise during the funds disbursement process
Compliance / Risk Management to verify the recipient of funds and avoid losses due to fraud
Award Winning Software
MISMO Certified Wire
Fraud Prevention Tool
2020 CFO Tech Outlook Top 10
Financial Security Award Recipient
2020 HousingWire
Tech 100 Award Recipient