We estimate that government agencies make improper payments of over $300 billion a year to the wrong person, in the wrong amount, or for the wrong reason.
ESTIMATED 2016 TOTAL DIRECT GOVERNMENT EXPENDITURES
Source: www.paymentaccuracy.gov; usgovernmentspending.com; Verus estimates
Verus Verification™ combines propriety and third-party data with sophisticated matching technologies to help state agencies identify erroneous disbursements and ineligible beneficiaries.
With a big data approach that integrates multiple governmental, proprietary, commercial, and public datasets, Verus Verification™ can significantly reduce the number of improper payments made in your state.
We use artificial intelligence tools, proprietary data, and third-party data to flag erroneous payments to a person or business. Flagging can either be done before or after a payment is made. Examples of improper payments that can be identified include those that are duplicative; paid to a person or company on a do-not-pay list; paid to an incarcerated, deceased, or fictitious person; paid to a closed or fictitious business; sent to an undeliverable address; or sent to an address with known fraudulent activity, among others.
We use proprietary and third-party data sources to evaluate the eligibility of participants in state programs. Our analysis is primarily based on exclusive access to specialized databases that allow us to perform testing for means, assets, and state-of-residence.
Interested in learning more about Verus Verification?
Contact us at firstname.lastname@example.org