The new name and broadened capabilities signal a pivotal evolution: smarter, faster, and more comprehensive payment verification for a world where scams never stop evolving.
TAMPA, Fla.--(BUSINESS WIRE)--Scamnetic today announced that IDeveryone Payment Protection, its payment security division, has officially rebranded as PayVerify. Alongside the new name, the company is launching a significantly expanded platform with pre-verification intelligence, business verification, and bank account verification capabilities that extend protection across the entire payment lifecycle.
"IDeveryone Payment Protection described what we did when we started. PayVerify describes what we are and what we're now capable of," said John Evans, COO at Scamnetic. "We've built something fundamentally more powerful than what that original name conveyed, and our customers deserve a brand and a platform that matches the moment."
A New Name Backed by New Capabilities
The rebrand comes as payment fraud losses continue to surge globally. Scammers are deploying increasingly sophisticated tactics that outpace traditional security tools. PayVerify is designed to meet that threat at every stage: before, during, and after a transaction initiates.
Fraudsters target business payments every day across every payment type. PayVerify helps financial institutions, businesses, and organizations confirm who's really behind a transaction or communication before money moves. The platform now covers the full spectrum of payment types:
- Push Payments: Verify the recipient of a digital payment before it is submitted to the network.
- Cryptocurrency: Verify the owner of an address before crypto is sent.
- ACH and Wire Transfers: Verify both payment senders and recipients to identify mules (NACHA 2026) and ensure transfers are secure.
- Checks: Confirm whether checks are altered, counterfeit, or forged.
The expanded platform also introduces three major capability areas:
Pre-Verification Intelligence
PayVerify now assesses risk before a transaction ever initiates. At the pre-challenge stage, the platform runs parallel checks against the counter party's identity, surfacing real-time signals to agents before a payment challenge is sent. This gives businesses a critical decision point — proceed, override, or abandon — before funds ever move. For business counterparties, pre-verification goes further. PayVerify automatically checks official registration, principal identity, and reviews, giving agents a consolidated risk picture on the receiving business before any challenge is issued.
Business Verification
PayVerify's business verification capability confirms the legitimacy of companies in real time. It cross-references registration data, ownership structures, and risk signals so organizations know exactly who they're doing business with before money moves.
Bank Account Verification
PayVerify confirms account ownership and validity instantly, reducing failed payments, preventing misdirected funds, and eliminating one of the most common vectors for payment fraud.
Together with the platform's existing real-time transaction verification and adaptive fraud modeling, these additions make PayVerify one of the most comprehensive payment verification solutions available to businesses and financial institutions today.
Why PayVerify, Why Now
The decision to rebrand wasn't cosmetic. As Scamnetic expanded its technology stack and customer base, IDeveryone Payment Protection no longer captured the precision, intelligence, or breadth at the heart of the product. PayVerify is direct, action-oriented, and immediately understood.
"Scammers don't slow down, and neither do we," added Al Pascual, CEO of Scamnetic. "PayVerify is a flexible, yet powerful identity platform that's ready for fighting the fraud of today and tomorrow."
Continuity for Existing Customers
All existing IDeveryone Payment Protection customers will transition to the PayVerify platform automatically with no disruption to service, contracts, or integrations. Customer support and account management teams are available to address any questions during the transition.
About Scamnetic
Scamnetic is dedicated to protecting individuals and businesses from digital threats using advanced AI technology. Through products like PayVerify, Scamnetic is committed to making digital interactions safe and secure, providing peace of mind in an increasingly complex digital world. Learn more at Scamnetic.com.
Contacts
Media Contact:
Greg Allen
prforscamnetic@bospar.com