Enrich payments with
documents and attributes
using identitii’s secure token

Speak to us about using tokens & distributed ledger to improve compliance without upgrading your legacy systems
LearnIntegrate

Solutions

Improve compliance
with regulators

identitii’s patent-pending tokenisation technology allows both parties of a payment transaction to be verified in real-time. 

Provide better
customer experiences

identitii turns traditional payments into enriched payments, including purchase orders, invoices, quotes and more. identitii reconnects the purpose of a payment with the payment itself.

Enable real-time payment
tracking and reporting

identitii’s tokenisation of payments allows your customer to know where their payment is in real time. Storage of transactions on the identitii distributed ledger enables you to view linkages between suspicious payments, enhancing compliance and improving customer insights.

The Payment Lifecycle

1

A buyer pays a seller through their online banking interface.

Traditionally

  • Payee Name
  • Account Number
  • BSB
  • Amount
  • Description

The buyer adds a description to each transaction, with a maximum input of 12 characters.

With identitii

  • Payee Name
  • Account Number
  • BSB
  • Amount
  • Description
  • identitii Token
  • Attach Files

The identitii Token is a unique identifier for the transaction. This allows customers to add additional information such as invoices, extended descriptions and other important data that is stored in identitii’s secure blockchain.

2

The buyer’s bank verifies
 the seller’s identity

Traditionally

The buyer’s bank screens the identity of seller and reason for payment with limited information, and is exposed to AML/CTF and regulatory compliance risk.

With identitii

<open_identitii_API>
<use_token=?Wf49kj>
<access_identitii blockchain>
<seller_status verified>
<seller approved>

The buyer’s bank verifies the seller’s identity and reason for payment with the identitii blockchain.

3

The seller’s bank verifies
 the buyer’s identity

Traditionally

The seller’s bank screens the identity of seller and reason for payment with limited information, and is exposed to AML/CTF and regulatory compliance risk.

With identitii

<open_identitii_API>
<use_token=?Wf49kj>
<access_identitii blockchain>
<buyer_status verified>
<buyer approved>

Using the same process, the seller’s bank verifies the buyer’s Identity and reason for payment with the identitii blockchain.

4

With both parties verified by their respective banks,
 the payment is processed.

Traditionally

Both the buyer and seller wait for payment with no knowledge of when the payment will arrive.

With identitii

  • Enter identitii Token
  • TRACK MY PAYMENT
  • RECONCILE MY PAYMENT

Both the buyer and the seller can track the payment in realtime with the identitii Token.

With identitii, the payment is processed with diminished regulatory compliance risk and improved customer experience.
Integrate with identitii today

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