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PayStand's blockchain solutions have been featured in these publications and more

PayStand leverages a core feature of the blockchain called immutability. When an electronic record is written on the blockchain, it can never be changed. Traditional record systems are set up to to govern how a record is altered, but that practice is only as good as the human controls that enforce it. Because the blockchain is designed to only add new records, our certified payment requests and receipts result in a electronically notorized record trail that is secure, certified, and fully auditable. 

  • Creates greater trust for all parties
  • Enables added compliance and transparency in the system
  • Makes for better digital tracking
  • Reduces errors
  • Identifies fraud more easily

Better customer experience

Sending email or paper receipts alone does not provide a durable enough long-term record for enterprise level customers. Blockchain receipts are anchored on a permanent & unchangeable ledger.

Digital timestamping 

Successful payments will imprint an instant digital timestamp on the blockchain. It’s like an electronic notary without the middleman.

Improve Security

If a fraudulent customer sends you a fake or modified receipt the electronic certificate will immediately fail verification with the cryptographic (SHA256) hash on the public blockchain.

Decentralized Scalability 

Eliminate single points of failure. Have peace of mind that your payment information is verifiable even without the need for 3rd parties.  .

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When certified payments are enabled, the admin dashboard shows a verified certificate for each transaction to confirm the payment occurred and has had a cryptographic hash automatically stored on the blockchain. At any time you can verify the information hasn’t changed since its inception by clicking on the certificate to see that the records sent to both parties match with the permanent & immutable hash stored on the blockchain.  To maintain privacy, no information is directly stored on the blockchain, only the auditable proof.  This blockchain verfied proof ensures the history, amount, and additional payment information has not been tampered with. 

eNotorize your invoice requests

Create accountability and assurance that you have a permanent record for when you request payment for your invoices and billings. Improve your reconcilaiation process with electronic certification.

Smart payment & reconciliation

Programatically schedule and execute payments tied to your contracts & invoices. Tie Net terms to payment settlement. Vastly speed up and improve your manual processes with digital equivalents.

 

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