Verify+

Verify+ enables banks and other non-bank account-issuing organisations to participate in New Zealand’s Confirmation of Payee network. It allows you to both send and respond to Confirmation of Payee requests when your customers make or receive payments, helping prevent scams and misdirected payments.

Verify+ is designed for account-issuing organisations such as banks, credit unions, building societies, fintechs, and other licensed deposit takers or account issuers that want to protect customers.

When a customer enters an account name and number, your system sends a Confirmation of Payee check request through the Verify+ network. The recipient’s bank or account issuer compares the input with the legal account name on record and returns a result notification such as match, partial match, no-match or an exception notification (for example, the account is closed, the Payee’s account issuer doesn’t provide a matching service or there’s a temporary technical issue.) This happens within seconds, and gives the customer greater confidence before making the decision whether to proceed with a payment.

Helps to protect customers from scams and misdirected payments, reduces losses and costs associated with fraud or payment errors, and increases the confidence and trust in your brand and digital channels.

Participating organisations can send Confirmation of Payee requests on behalf of their customers, respond to incoming Confirmation of Payee requests, and integrate these functions directly into their online banking and mobile app payment experiences.

Verify+ is built for account-issuing organisations that need to both send and respond to CoP checks such as banks and non-bank deposit takers, payment service providers, credit unions and building societies. VerifyBiz is for businesses and government agencies that only need to send requests to verify account details held by account issuers.

Organisations integrate using Verify+ API's, embedding Confirmation of Payee checks within customer payment experiences such setting up a new payee, editing existing payee account details or making a one-off payment to a payee. We support you through the integration journey by providing sandbox testing, documentation, and technical support. We guide you through design, build, test, launch and provide ongoing care.

Participants must meet agreed privacy, security, data-handling, and operational-resilience standards. As part of the build, participants must also complete integration testing and compliance attestations. Talk to us about these requirements, we can help guide you.

All Confirmation of Payee checks are performed under strict privacy controls. Personal data is never shared between organisations beyond what is required to complete a check. Verification requests are encrypted and processed through secure environments. All personal data is destroyed immediately after the result is sent.

Verify+ uses financial industry standard API (FAPI) specifications. Connections between participants are encrypted and authenticated to ensure data is protected in transit. The service runs on a secure cloud platform with regular backups, disaster recovery processes, and controlled release management. Continuous monitoring is in place to detect any unusual activity or security issues in real-time.

Participants must sign the Verify+ participation agreement, build to the Standards and Rules of the scheme, and complete integration testing and compliance attestations. We’ll guide you through what you need to know for design, build, test, launch and we also provide ongoing care.

Verify+ onboarding for all new participants is progressing through 2025, with full availability from March 2026 alongside VerifyBiz.

Talk to us, book a meeting with the GetVerified team to explore if Verify+ is right for you. We can help you decide what's best for your organisation and support you through design, build, testing and launch. We also provide ongoing care.