How it works
Four steps, and no statements change hands.
RunPayway™ sits inside the transaction your organization already runs. You ask for one amount to be proven, the borrower authorizes their own financial source, and what comes back is the answer rather than the file behind it.
The workflow
What each side does.
The same four steps, in the same order, on every request. You ask, the borrower authorizes, RunPayway™ verifies, and the proof arrives.
- Request
- The lender requests a specific financial fact. A request naming one amount, sent to one person
- Authorize
- The borrower reviews the request and authorizes the financial sources they choose. The borrower's authorization, scoped to that request
- Verify
- RunPayway™ evaluates the authorized financial evidence against the requested fact, under a defined verification method. A determination, from authorized evidence, against the requested fact
- Receive
- The lender receives a verifiable proof. The underlying financial file is not disclosed in it. A verifiable proof, and no statements
The borrower sees exactly what is being asked before they agree to it, and their authorization covers that request and nothing wider. They can refuse it.
What comes back
One of three outcomes, and a proof that carries it.
A governed evaluation returns one of three outcomes. There is no fourth, and there is no score.
- VERIFIED
- Qualifying authorized evidence established the requested fact.
- NEEDS ATTENTION
- Something specific must be resolved before RunPayway™ can determine the result.
- NOT VERIFIED
- The requested fact could not be established from the authorized evidence.
NOT VERIFIED says what the evidence could establish. It is not a denial, and not a judgment about anyone.
What the proof discloses
- VERIFIED
- The requested threshold, $500,000
- The proof subject
- When the evidence applied
- When the fact was verified
- Whether the proof is current
- The proof reference
It does not disclose actual account balances, the amount above the threshold, account numbers, transaction history, unrelated accounts, the underlying financial statements.
What happens next
The fact is established. The decision is yours.
RunPayway™ has finished its work. Your organization continues under its own policy and its own authority, and a lender retains the underwriting decision in full.
No result carries an approval, a decline, a score or a recommendation.
Lender: Enter the amount · Send the request · Receive the proof. Borrower: See request · Authorize · Connect · RunPayway™ verifies · Result ready · Share proof.