PaymentShield
Introducing PaymentShield, a Payment Verification Service by FundingShield.
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.
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The Product
Bank Account Verification Software
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.
Instantly verify bank account and routing numbers for outgoing funds
Verify payments to: vendors, general contractors, home sellers, appraisers, or any other party who is to be paid
The workflow can be white-labeled/branded to your liking with no coding required
Works with over 6,500 financial institutions in the US
Bank-grade encryption utilized from start to finish
Everything you need to verify with confidence
Dynamic admin dashboards with real-time tracking
An easy and secure workflow for fund recipients
Effective payment verification controls
Full Visibility and Coverage
Effective transaction Level Controls / Risk Management to prevent wire and title fraud losses
Protection against cyber interference / Business email compromise during the closing process
Increased Efficiency that lowers costs
Certified products that provide transaction level protection of up to $5mm per transaction
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
Verify every payment with confidence.
Powered by MasterCard Open Banking. 6,500+ financial institutions. Bank-grade encryption.
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