In today’s fast-paced financial landscape, the gap between document processing and payment execution has been a persistent challenge for businesses. We’re excited to announce Veryfi’s new Payment Links Extraction feature, an innovative solution that automatically identifies and extracts payment URLs from documents, streamlining the journey from invoice processing to payment completion.
How Payment Links Extraction Works
Here’s an invoice that contain the payment link:
When you process this invoice using Veryfi’s API, it will:
- Extract all payment-related information from the invoice
- Return a JSON response containing the detected payment link in the
payment_linksfield - Enable direct payment execution by clicking the extracted link, which opens a secure payment page for that specific invoice
Transforming AP Automation & Bill Pay Workflows
For teams managing high volumes of invoices and payments, manual URL copying has been both time-consuming and error-prone. Our new payment links extraction capability eliminates these friction points by automatically detecting and extracting payment URLs from:
- Text within documents
- QR codes and barcodes
- Hyperlinks embedded in PDF text and buttons
Key Benefits
This release particularly empowers FinTech companies processing 10,000+ monthly transactions and enterprises managing complex payment operations. Here’s how different verticals benefit:
Bill Pay Providers
- Instant payment link detection reduces processing time
- Automated URL extraction minimizes manual entry errors
- Direct integration with existing payment workflows
- Enhanced transaction data for Level 3 processing
Accounts Payable Teams
- Streamlined vendor payment processing
- Reduced risk of payment errors
- Accelerated invoice-to-payment cycles
- Improved accuracy in payment routing
Enterprise Organizations
- Standardized payment processing across regions
- Enhanced compliance through automated tracking
- Reduced processing costs and manual intervention
- Improved vendor relationship management
Technical Implementation
The feature returns extracted payment links in the payment_links field within the JSON response, making integration straightforward for development teams. To leverage this capability, you’ll need:
- An active API-type account with the payment_links field enabled
- Barcode detection feature enabled on your account
- Implementation of recommended security protocols
Security and Validation
We’ve built this feature with security at its core. Our upcoming enhancements include:
- PDF analysis for suspicious document detection
- Cross-validation between document metadata and OCR text
- Enhanced fraud prevention framework integration
Getting Started
Ready to transform your payment processing workflow? Contact support@veryfi.com to enable payment links extraction for your account. For technical details and integration guides, visit our comprehensive documentation at docs.veryfi.com.
If you haven’t had an OCR API account with Veryfi, click here to get started.
What’s Next?
Our roadmap includes enhanced security features and expanded validation capabilities to further streamline payment processing while maintaining robust security standards. Stay tuned for updates as we continue to innovate in the automated payment processing space.
