Company Information

Get to know Veritec Inc

Founded in 1982 and acquired by First American Payment Systems in 2002, Veritec, Inc. is a specialized technology and financial services company. Its primary mission is to provide innovative, secure, and reliable Electronic Benefit Transfer (EBT) solutions for government-administered public assistance programs, with a core focus on the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC). Veritec manages the entire transaction process, from card issuance and benefit loading to transaction processing at authorized retailers and settlement, aiming to improve the efficiency and accessibility of benefits for participants and state agencies.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Veritec Inc

United States

Founded in

01 ม.ค. 1982 (44 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.