Citi Treasury and Commerce Solutions added Citi Verify, an account verification tool and electronic invoice distribution capabilities via Request for Pay to its Present and Pay electronic invoice presentation and payment platform, according to A press release.

With these enhancements, customers can deliver a better bill payment experience with fraud protection and the ability to pay bills anytime of the day through the RTP network. Other benefits include:

  • Citi Verify helps reduce unintentional chargebacks with real-time account validation.
  • Help reduce operational exceptions with ACH Direct Debit.
  • Provides easier reconciliation of invoiced amounts and collected payments.
  • RfP offers improved transparency and visibility for when payments will be settled.

“As the speed of the movement of money increases and more consumers turn to digital channels to manage their finances, especially due to COVID, we are happy to offer our customers payment solutions. real-time like RfP and risk mitigation like Citi Verify. institutional clients in the United States, ”said Alberto Casas, North America Payments and Receivables Manager, Citi Treasury and Trade Solutions, in the release. “Integrating these two features into Present and Pay makes it easier and more efficient for US billers to operate these industry-leading solutions without requiring additional IT resources for deployment. This is the first of several new services we plan to add to Present and Pay. Pay to help deliver a better bill payment experience for Citi customers and their customers. “