Verify Account℠ helps mitigate fraud by delivering real-time account validation at the point of payment. It confirms whether an external account is open and valid, and whether consumer-provided information matches authorized users – supporting confident outgoing payment decisions.
Corporate and government entities, along with the treasury resellers that serve them, can reduce transactional fraud and facilitate account validation in real-time with Verify Account.
Validate outbound payments and disbursements in real time by confirming external account ownership and status, helping prevent misdirected or fraudulent payments, reduce potential fraud losses, and identify high-risk transactions before funds are sent.
Enables real-time validation and enrollment of payment source and destination accounts, reducing fraud and misdirected payments while supporting a seamless, low-friction customer experience.
Helps validate account ownership and authorization to ensure wire and ACH payments are credited to the intended individual, helping reduce losses tied to unauthorized check and ACH transactions.
Supports Nacha WEB Debit Account Validation through real-time account verification to help detect and mitigate fraud. Verify Account℠ can be configured in alignment with your compliance and risk requirements.
Real-time account validation helps detect fraud early by confirming external account status and authorized users before payments are initiated.
Supports Nacha WEB Debit Account Validation by helping meet commercially reasonable account validation requirements.
An inquiry-based, real-time solution that reduces friction and enables faster, more confident transactions.
Helps expand payment capabilities and customer relationships by enabling growth with greater confidence and lower risk.
Validate external account ownership and status in real time.
A consumer initiates a transaction and submits external account information through your payment processing system.
The financial institution submits a real-time inquiry to the Certos℠ network to validate account status and ownership.
Certos℠ responds with current account status, ownership match results, and an overall match indicator.
The institution uses the response to approve, decline or apply additional controls with confidence.
Enhanced Verify Account℠ tools
Verify Account℠ combines real-time account status verification and ownership matching into a single solution. By validating whether an account is open, valid, and authorized, it helps institutions reduce transaction fraud and make confident payment decisions.
Indicates the open, closed, or overdrawn status of the presented external account.
Data Provided: A status code summary
Validates that an individual being inquired upon owns, or is authorized to transact on, an account.
Data Provided: A Yes/No response and match score
Provides unparalleled visibility into the return risk associated with check and ACH transactions, as well as the historical status of transactions drawn from the presented external account.
Data Provided: A proprietary risk score
The Certos℠ network brings together decades of shared intelligence and advanced analytics to provide a comprehensive portfolio of identity, account, and payment risk solutions, offering deeper insights than any institution can achieve alone.
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