Xpenditure selects miiCard Certified Digital Bank Statements

With miiCard, Xpenditure users can now authorize automatic uploads of bank statements for seamless expense receipt confirmation.

Xpenditure users can scan or photograph both their expense receipts and credit card statements to reconcile their spending. Xpenditure software analyzes date, merchant and amount from each to match expenses and then verify expense reports for storage and payment. To add miiCard Certified Digital Bank Statements, users must first issue a one-time authorization through an online verification process. Within five minutes, the bank statement capability is added to their Xpenditure account and will automatically update until they revoke the authorization. There is no additional effort or time required of users.

Certified Digital Bank Statements are coupled with a miiCard verified identity to avoid requiring users to re-verify their identity every time a financial partner requests access. miiCards cloud-based Identity as a Service approach also enables businesses to certify bank account information.

miiCard’s Level of Assurance 3+ identity verification service leverages the authority and security inherent in a member’s online financial accounts to prove identity to passport or photo ID standard. miiCard is available in ten countries and can verify over 350 million people today.