Choosing a Payroll API Provider Guide.
Simplify Income
and Employment Verification.
Unlock the power of consumer-permissioned data to verify income and employment for 90% of the U.S. workforce. Truv reduces risk, fraud, and verification costs for your organization through seamless income and employment verification.
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Reduce Costs and Increase
Efficiency with Truv’s Income
and Employment Verification.
Reduce Costs and Increase Efficiency with Truv’s Income and Employment Verification.
-
Skyrocketing Costs.
Instant databases continue to risk prices causing your margins to suffer. -
Inefficient Manual Verifications.
Manual verification methods are time consuming and increase time to close. -
Default Rates on the Rise.
Legacy verification solutions struggle with data quality issues including inaccurate data, low data fill rates, and potential fraud.
-
Proven ROI.
Save on verification costs and increase your margins substantially. -
Automated Verifications.
High conversion rates due to Truv’s unmatched coverage and seamless user experience. -
Reduce Risk.
Decrease your default rates by gathering more data without sacracing in speed and volume of loans.
Proven ROI & Cost Savings.
Unlike other providers in the industry, Truv’s pricing is consistent, transparent, and empowers you to provide lower fees and interest rates to your customers.
Reduce Risk & Fraud.
Receive real-time data directly from the source, while instant databases may have stale data that’s inaccurate.
Increase Employee Efficiency.
Work faster and expend less manual effort with 90% fill rates for over 200 unique income and employment data points.
Improve Turnaround Times.
Verify income and employment in less than 45-seconds to improve turnaround times and decrease time to close loans.
Verify Applicants with Four Different Data Sources.
01.
Payroll Income and Employment.
With 12,800 unique integrations, Truv allows you to gather income and employment data directly from your customers by allowing them to login directly to their payroll or employer account.
02.
Financial Accounts Income.
Gain income insights through direct deposit transaction data for non-standard income sources and non-existent payroll connections.
03.
Tax Returns Income.
Verify income and employment for self-employed individuals through accessing income data via tax returns.
04.
Document Processing Income.
Enable customers to upload W2s, paystubs, and 1099 to verify income and employment for any consumer through our OCR document upload capabilites.
Why Partner with Truv.
Change the way you access
data to make more informed
decisions.
Change the way you access data to make more informed decisions.
Comprehensive API Platform
200+
FCRA Compliant Data Points Available through One Platform.
Michael Crockett
Chief Data Officer, Xactus
“Our relationship with Truv has further
enriched our verification solution through
its direct connections to payroll providers
via APIs which create greater efficiencies
and reduce risk of fraud.”
“Our relationship with Truv has further enriched our verification solution through its direct connections to payroll providers via APIs which create greater efficiencies and reduce risk of fraud.”
Resources for Income and
Employment Verification.
Resources for Income and Employment Verification.
Related Use Cases.
Paycheck-Linked Loans.
Create a winning partnership between you and your customers by setting up recurring payments directly from their paycheck.
Insurance Verification.
Quickly verify the status of a consumer’s auto or home insurance policy to further automate the loan approval and onboarding process.
Direct Deposit Switch.
Create a seamless experience to drive direct deposit growth and penetration, increase primary financial institution metrics, and cultivate more engaged customers.
Unlock the Power of Consumer-Permissioned Data.
Ready to Get Started.
Ready to Get Started.
Talk to our team about driving growth for your organization through consumer-permissioned data or access the developer portal today.
