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Income & Employment Verification

Quickly verify a consumer’s income and employment status to make more confident decisions that drive growth while reducing risk for your organization.

Trusted by Industry Leaders and Innovators

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Efficiently Verify Income and Employment

Problem

Collecting, recording, and verifying income and employment data can drain precious time and resources while still not giving you all of the data points that you need to assess credit worthiness of your customers.

Solution

By enabling your users to connect directly to their payroll account, Truv provides you verified identity, income, and employment data points that you need within 60 seconds. This data is delivered in real-time to minimize fraud risk and drive cost savings compared to manual labor.

Driving Business Outcomes with Truv

Traditional Approach

  • Expensive Automated Verifications Suffer from skyrocketing verification costs and unpredictable price increases within the industry.
  • Slow Turnaround Document uploads and employer cold calls often take up to three days to verify income and employment.
  • Risk of Fraud Fraudulent paystubs represent up to 7% of all uploaded documents and only provide you with limited data points.
  • Pay Per Report Spend additional money on reports each time re-verification is needed for your customers.

Truv

  • Easy Savings Take advantage of transparent pricing and long-term contracts to save up to 90% relative to other income & employment verification providers.
  • Instant Verification Receive detailed, accurate data directly from the source, with thousands of integrations available in seconds via Truv’s payroll API.
  • No Fraud View three years of verified original pay stubs and W2s containing detailed data such as earnings and deductions.
  • Continuous Monitoring Stay up-to-date with a continuous flow of income & employment data to track any changes that occur with a job change or raise.

Use Cases for Income and Employment Verification

Alternative Credit Data

Utilize income and employment data in accordance with FCRA requirements for credit decisioning.

Verify Identity

Verify identity with data such as full name, date of birth, and SSN to reduce fraud.

Personalized Offers

Understand the financial state of your applicants to provide personalized offers.

Access Over 100 Fields of Employment and Income Data

Identity

Full Name

John K Doe

SSN

•••••6789

Email

jo@example.com

Date of Birth

1992.03.03

Employment

Company Name

Company Name Inc.

Address

1 Hacker Way, Menlo
Park, CA, 94025

Phone Number

6503087300

Employment Status

active

Job title

PR associate

Job type

Full-time

Start date

2018-01-01

Original Hire Date

2019-08-24m

Manager Name

Jenny McDouglas

Income

Pay Frequency

700

Bonus

1,000

Commission

24,000

Overtime

500

Gross pay

49,200

Net pay

31,980

Salary

23,000

Bank Account

Routing Number

39014708

Account Number

39014708

Account Type

Paystub

Deposit Value

500

Documents

W2s

W2s

Address

1009s

Type

Paystubs

Best-in Class Coverage

We successfully connect to payroll accounts and employers covering over 85% of working Americans.

96%

coverage of Fortune 1000 companies

50+

supported payroll providers

12,800+

direct employer integrations with 2.3M employers

Truv is Enterprise-Ready and FCRA Compliant

Other Ways to Verify Income & Employment

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Document Upload

To capture customers who are unable to connect to their payroll provider, Truv enables you to verify income and employment by uploading paystubs and W2 documents. Our machine learning and document automation algorithms make this process smooth and seamless for the user while identifying suspicious activity to prevent fraud.

Verify Income and Employment for 85% of Your Customers

Let’s partner together to accomplish your business objectives

Get a Free Demo