Digital Verification, Transaction & Payout Services for Cannabis Industry

calendar iconOctober 19, 2021
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Helping guide you through secure and automated payout and processing services to reduce compliance risks, lower operating costs, and protect your business.

Cherry Bekaert’s turn-key managed services solutions allow us to help organization’s evaluate and implement payment controls and processes and supports full integration with accounting systems. Furthermore, through a strategic alliance, we can deliver automated services to reduce overall payout and regulatory compliance risk and lower payout operating costs, while ensuring risk, security and compliance frameworks are properly maintained.

Verified & Trusted: Digital Verification, Transaction, & Payout Platform

Through a verified transaction platform, powered by continuous AI-based verification of identities and payment accounts, validation of payment instructions and the integration of a bank’s digital payment ecosystem, we help position businesses to modernize their payment process by enabling secure payouts and pay by anything experiences. Cherry Bekaert’s managed services, combined with cloud-based solutions, can help you:

  • Reduce payout risk by elevating automated identity, account and payment verification to the core of digital payouts to align with and comply with state mandates money exchange.
  • Lower cost by unifying, automating and orchestrating verified digital payout processes and experiences.
  • Increase customer satisfaction by providing payment choice for payers and payees to help reduce cash handling and associated risk.
  • Ensure the right payee and payment account are accurately paid.

Risk Advisory Services & Solutions Tailored to Your Needs

  • Payment and Identity Risk & Control Diagnostic
  • Controls Implementation & Reporting
  • Identity & Payment Verification System Services:
    • Requirements Assessment
    • Implementation Services
    • Managed Services