When it says "processed" it also tells you in a paragraph somewhere that your AMCAS has been fully verified. Therefore I believe that processed=verified.
From AMCAS: "Your application has completed processing. To review any corrections made to your application during the verification process, use the print option provided at the left."
Corrections are only made during the verification process. Once verified, your AMCAS is ready to be sent to your schools. The process has sped up very much from last year and I hear is back on par with the speed of two years ago. Looks like AMCAS processing nightmares are over.