Verient, Inc. Information

Verient was founded in 2006 with a mission to make payments smart. Located in the heart of Silicon Valley , Verient offers cutting edge smart payment solutions to financial institutions/issuers, card/EFT networks and financial services re-sellers. Verient’s offerings convert non-revenue producing payments into revenue-rich credit card transactions, while at the same time reducing fraud losses. Examples of Verient’s broad capabilities include: •automating business-to-business payments by replacing checks with single-use, virtual credit cards. •converting debit card transactions into credit card transactions. •allowing end user controls on individual transactions for customized payments. The Verient InfiniPAYTM platform resides directly in the electronic payment transaction flow, thereby being able to conditionally test and/or modify any data sent during the authorization process. The platform is PCI-certified and is fully compatible with the existing payments infrastructure, thus minimizing time to market for customers. Verient has 24 issued and pending patents on its unique architecture.