Partner with Payverify to offer verified bank transfer protection to your merchant network
Staff payment redirection fraud costs Nigerian businesses millions annually
Staff claim POS machines are broken and redirect customers to personal accounts or fake business accounts with similar names.
Merchants lose revenue and trust. Banks face chargebacks, compliance issues, and merchant churn when fraud occurs.
Merchants switch to competitors offering better fraud protection, reducing your transaction volume and fee revenue.
Cryptographically verified bank transfers that eliminate payment redirection fraud
Staff enters sale amount on tablet/phone. System generates QR code with verified bank account details and cryptographic signature.
Customer scans QR code to see verified merchant name and bank account. Makes bank transfer using provided transaction reference.
Bank webhook confirms payment. System validates transaction reference matches, then sends confirmation receipt.
If payment goes to wrong account, system alerts merchant immediately. Fraud patterns tracked and reported.
QR codes contain signed transaction data that cannot be forged
Only verified business accounts can receive payments
Merchants notified immediately if payment goes to wrong account
Track fraud patterns across your merchant network
QR verification doesn't require internet connection
Eliminate fraud-related disputes and chargebacks by ensuring payments reach verified accounts.
Keep merchants loyal by offering fraud protection that competitors don't have.
Attract new merchants seeking better fraud protection, growing transaction volume.
Demonstrate proactive fraud prevention to regulators with audit trails and reporting.
Choose the partnership structure that works for your bank
See how Payverify can protect your merchant network from fraud
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