Citi Launches Citi® Verify

Real-Time Data Validation Service for Institutions

Citi Verify will Provide Access to GIACT’s EPIC Platform®

NEW YORK–(BUSINESS WIRE)–Citi’s Treasury and Trade Solutions (TTS) has launched Citi®
Verify, a new identity and account verification solution that helps
clients streamline customer onboarding, reduce the risk of improper
payments, and drive operational efficiencies. Through Citi’s
relationship with GIACT Systems®, a leader in helping
companies positively identify and authenticate customers, Citi Verify
provides institutional clients the ability to validate their US-based
customers’ information prior to enrolling and initiating transactions.

With Citi Verify, Citi customers will gain access to GIACT’s EPIC
Platform, an extensive, real-time network of identity verification and
authentication services available in the market. “Citi Verify
demonstrates our commitment to providing a seamless payment experience,
especially at a time when the industry is moving towards real-time and
tokenized payments,” said Alberto Casas, North America Payments and
Receivables Head, with Citi’s Treasury and Trade Solutions. “Not only
does Citi Verify provide a layer of assurance for our clients when
onboarding new customers, it also addresses the major costs incurred
across the industry from misdirected payments, such as ACH returns, and
will significantly strengthen the case for institutional adoption of
Instant Payments. Our clients will now have added visibility and
assurance that their transactions will be processed successfully.”

In addition to account verification, Citi Verify goes a step further
than other similar services by providing customer identity verification
as well. Available through a single API or via a web or batch interface,
Citi clients can access an extensive network of identity verification
and authentication services, including customer intelligence comprised
of over four billion records.

“Customer intelligence has become vital as the speed and volume of
e-Commerce, payment processing, and digital onboarding continues to
increase exponentially,” continued Casas. “With Citi Verify, our clients
now have access to the most comprehensive identity and account
verification solution in the marketplace.”

Citi Verify is currently available to clients in the United States and
will be integrated into the existing suite of payments and receivables
solutions offered by Citi’s Treasury and Trade Solutions.

Citi’s Treasury and Trade Solutions (TTS) enables our clients’ success
by providing an integrated suite of innovative and tailored cash
management and trade finance services to multinational corporations,
financial institutions and public sector organizations across the globe.
Based on the foundation of the industry’s largest proprietary network
with banking licenses in over 90 countries and globally integrated
technology platforms, TTS continues to lead the way in offering the
industry’s most comprehensive range of digitally enabled treasury, trade
and liquidity management solutions.

About Citi

Citi, a leading global bank, has approximately 200 million customer
accounts and does business in more than 160 countries and jurisdictions.
Citi provides consumers, corporations, governments and institutions with
a broad range of financial products and services, including consumer
banking and credit, corporate and investment banking, securities
brokerage, transaction services, and wealth management.

Additional information may be found at
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has been helping companies verify valued customers since 2004. From
financial to insurance, to retail, to solutions for your industry, GIACT
offers customer intelligence for complete payment confidence. As the
leader in providing real-time data to help companies mitigate payment
risk and fraud, our OFAC screening, ID verification, account
verification and authentication, and mobile verification solutions
enable you to focus on providing unmatched customer experiences. Since
our founding, we’ve processed billions of transactions for our more than
1,000 customers. For more information, visit or
call 1-866-918-2409. Follow us on LinkedIn and Twitter.


Nina Das
Tel: 212-816-9267

Robert Woods
Tel: 917-882-7488

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