ValidiFI’s Bank Account Validation (BAV) solutions offer real-time insights to help organizations ensure compliance, verify bank accounts, detect fraud and assess risk. Many organizations and industries use bank account validation services for application, underwriting, and customer management to improve their payment processing KPI’s and ensure regulatory compliance. Authenticate user access, confirm current balance, status and funds availability of a consumers’ bank account leveraging our data network of bank account and payment intelligence, all within our one API Omni platform.
As a NACHA preferred provider, we provide businesses with actionable insights powered by our proprietary and partner insights within our ValidiFI data network. By assessing the connections between bank accounts, payments, and consumers, we can help you unlock new opportunities to grow and expand your business with less uncertainties.
Intelligence for Added Confidence
Ensure Compliance
Validate Bank Account
Reduce Risk
Prevent Fraud
Harness the Power of the ValidiFI Data Network
Bank Account Validation
Confirm routing number is valid, active and ACH capable while also ensuring
the account number structure aligns with the financial institution format.
Account Longevity
Verify length of time account has been established.
Payment Performance
Assess number of cleared transactions and number of ACH returns seen associated with an account.
Account Stability
Confirm current and available balance, as reported by the bank.
A financial institution needed an alternative method to provide consumers and businesses with a secure, convenient ability to validate bank accounts. By incorporating one of our Bank Account Validation solutions during the application process, they were able to reduce manual, ad hoc processes of verifying authorized account access. Additionally, the financial institution was also able to confidently mitigate administrative concerns with data supplied by customers.