Stay alert. Scammers may target you during Confirmation of Payee rollout. Read update
VerifyBiz is a real-time Confirmation of Payee service for businesses and government agencies that prevents misdirected payments and scams by verifying bank account details early and often.
Reduces the risk of misdirected payments and scams – and can be used anytime, not just when making a payment.
Use it for:
By verifying account details early and often, you'll save time and money, otherwise spent clawing back misdirected payments.
Access the service via a URL-based portal or have it built directly into your work systems via API.
Get in touch
VerifyBiz is adaptable to any API-connected environment. Make verifying account details effortless by connecting your internal or external user experiences through your own:
You decide how to handle account details based on the match result – helping you spot incorrect information or potential scammers before any payment is made.
VerifyBiz is built on trust, accuracy, and security from the source.
Held directly by account issuers such as your bank.
To protect you, our solution does not store account data.
Performed directly with account issuers, not based on outdated or cached information.
Making our solution cost-effective. Built by banks to protect New Zealanders.
Catch mismatched or fraudulent account details before payment.
Reduce the admin and cost of chasing misdirected payments.
With any internet connected device with the web-based portal.
Checks real-time account information directly with NZ account issuers such as banks and non-bank payment service providers, deposit-takers and credit unions.
Enables organisations to check if account numbers and names match.
We’re piloting VerifyBiz with a select group of organisations, including:
These early adopters are helping shape how New Zealand businesses safeguard their stakeholders against scams and misdirected payments through Confirmation of Payee.
Our anti-scam solutions are trusted by some of New Zealand’s biggest brands and our Confirmation of Payee service is used every day by New Zealanders.
Get in touch and together we can find out which VerifyBiz solution is right for you.
