PRICING
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THE RISK
A Single Incorrect Claim Payment Can Become A Costly Recovery Exercise
Insurance companies process thousands of claim settlements, refunds and beneficiary payments every month. When banking details are incorrect or fraudulently changed, payments can be difficult to recover.
HOW IT WORKS
How Insurance Companies Use AVS
1
Capture policyholder banking details
2
Submit AVS verification
3
Receive validation result
4
Approve payment confidently
USE CASES
Common Insurance Use Cases
Claim Settlements
Verify policyholder banking details before claim payouts.
Funeral Policy Claims
Confirm beneficiary accounts before releasing funds.
Policy Refunds
Validate banking details before premium refunds.
Life Insurance Payouts
Reduce risk on high-value beneficiary payments.
Commercial Insurance Claims
Verify company accounts before settlement.
Broker Payments
Confirm intermediary banking details before payment.
WHY VERISEAL
Verification vs Relying On Documents
BUSINESS VALUE
Why Insurance Companies Choose Veriseal
Fraud Prevention
Reduce exposure to banking detail substitution fraud.
Faster Claims Processing
Verify accounts within seconds.
Improved Customer Experience
Reduce delays caused by payment issues.
Better Compliance
Maintain stronger payment verification controls.