Provide customized solutions for States to manage reputational risk industries, cash intensive businesses and industries that require strict adherence to state level mandates and regulations.
Increase Tax Revenue Results| Mandate Adherence
The RevaPay Solution can provide state level taxation data and state tax settlements based on each consumer transaction in real-time as well as manage all state requirements
Enhanced Due Diligence
The RevaPay enhanced due diligence process includes a deep dive into every aspect of the business. Based on the results a risk score is assigned. Early identification of potential risk results in a more efficient oversight process.
The RevaPay Solution provides the capability of tracking and tracing the flow of all funds coming in and going out of the business. This data set is monitored to validate cash flows, identify anomalies, Know Your Customer, Know Your Vendor and tax payments.
Point of Sale
Each customer transaction is validated in real time with state and other databases to ensure the customer is eligible to purchase, including age verification, OFAC check, State City and County level mandates, and for medical only states, this includes prescription validation and ensuring the purchase amounts are within the mandated limits.
The RevaPay Solution has robust reporting capabilities. We work with each State to determine the information needed to provide more protections in industries that require a higher level of scrutiny.