VerifySmart, a global player of secure and fraud free payment processing services, has launched an integrated e-commerce system – Verify Transfer, and upgraded its website. The company has said that its patent pending (PCT Approved) technology has been filed in 29 countries based on strategic importance and wireless penetration rate.
Verify Transfer is a suite of services that offers Transaction and Authentication-based features such as: integrated with VSC’s VeriSmart Card and VerifyNGo two factor authentication; provides virtual bank functionality and allows merchants full fund management control; ability to garner interest in new markets via the foreign exchange module which enables merchants and end users a full view of their account balance and transaction history in two currencies; access to a full reporting and record management system allowing complete visibility of individual customer transaction history and macro roll up reports; and utilizing the patent-pending VerifyNGo two factor authentication to complete funds transferred.
VerifySmart has said that the software has been developed to include debit card purchases, internet purchases, ATMs, passport, money transfers, remittances and mortgage verification. The software operates through the use of a cellular phone for secured verification of monetary transactions. It notifies the cardholder of the purchase through the cellular phone and enables the cardholder to approve or decline his/her purchase.
