Verification of Payee information, right from Bulkpe's dashboard
We are proud to launch our latest feature: Verification Stack. We are brining this to you as part of our 30 day challenge. This powerful tool allows you to directly verify any payee's information with regulated bodies such as PAN verification, Aadhar Verification, ensuring that your business transactions are secure and reliable.
Why is this important to you?
In today's business environment, validating the identity of stakeholders is crucial. The Verification Stack employs robust methods like penny drop and reverse penny drop to confirm the accuracy of the beneficiary's information. When information is verified from regulated bodies, our system integrates seamlessly with these entities to provide precise and trustworthy verification.
Key Benefits
The Verification Stack offers several significant advantages:
- Enhanced Security: Ensuring that the payee's information is accurate helps prevent fraud and errors in financial transactions.
- Regulatory Compliance: Verifying information through regulated bodies ensures compliance with industry standards and legal requirements.
- Streamlined Process: The Verification Stack makes it easy to validate various types of information, saving time and reducing the risk of manual errors.
How to Use the Verification Stack
We have designed the Verification Stack to be user-friendly and efficient. Here’s how you can use this feature:
- Login to Your Bulkpe Account: Start by logging into your Bulkpe account using your credentials. Once logged in, move on to the Verification Module on your dashboard.
- Choose the Verification Method: Select the appropriate method for the information you need to verify. Available options include UPI ID, IFSC Code, Bank Account, PAN, PAN Premium, and Aadhar.
- Complete the Verification: Follow the prompts to complete the verification process. Our system will handle the rest, ensuring accurate and secure verification.
Accurate verification of payee information is key for maintaining the integrity of your business operations. Whether you are verifying a vendor, customer, or employee, the Verification Stack provides the tools you need to ensure that all information is correct and compliant with regulatory standards. This reduces the risk of fraudulent activities and amplifies the overall security of your financial transactions. We are able to achieve this by using our APIs that is in conjunction with the regulated bodies like Income Tax Department for PAN, UIDAI for Aadhar and similarly in partnership with banks we are able to get the account details.
Here's one of our Co-Founders, Saurabh, exploring the Verification Stack.
Trust but verify
The "Trust but verify" philosophy The Verification Stack is an essential tool that embodies Bulkpe’s dedication to providing you with the best tools to manage your finances securely and efficiently. With this feature integrated into our system, we are moving towards having the most safe, fast and efficient financial experience for your business.
Join with us in the coming days to explore even more handy features. We are focusing on catering your financial needs one day at a time through our 30 Day Challenge. We are grateful to you for choosing Bulkpe as your trusted partner. Stay tuned with us for more features. Banking made easier for Businesses, Click the button below to sign up now!
Sign up Now!You can always connect with us for any assistance required through mail by clicking the button below. We are happy to hear from you regarding any queries, and business partnerships.
Contact us!*Some of the verification methods are subjected to payment, the pricing can be viewed by clicking the “Pricing” Button on the top right corner of your screen in the Verification Module. Please make sure you have adequate balance on your account before verifying some of the details.
