ValidiFI introduces a new standard for authenticating and validating bank accounts.
This service verifies the legitimacy of a bank account, the status of the account, and account structure. Additionally, it also has the ability to detect evidence of potential fraud prior to accepting payments.
We have the largest financial institution coverage at 31,000+ with over 48,000 connections for built-in redundancy.
Our proprietary account validation service is like nothing you have seen. We’ve combined the freshest banking and payment data with intelligent insights to transform your risk into confidence. With the highest bank and payment data coverage in the industry, we supply you with the insights needed to succeed. We are a Nacha preferred vendor, offering a combined solution to help maintain compliance and mitigate fraud.
An online business dealing with fraud related to accepting ACH payments reached out to ValidiFI for assistance. ValidiFI identified the tools to discover accounts that couldn’t be collected due to being invalid, closed, or poor performance. By including an account validation service during customer onboarding and payment acceptance, they were able to mitigate returns and reduce losses.
An online business dealing with fraud related to accepting ACH payments reached out to ValidiFI for assistance. ValidiFI identified the tools to discover accounts that couldn’t be collected due to being invalid, closed, or poor performance. By including ValidiFI’s Account Validation service during customer onboarding and payment acceptance, they were able to mitigate returns and reduce losses.
Verifying a consumer’s account is critical for maintaining compliance with Nacha’s WEB Debit Rule, requiring ACH originators to use “account validation.” Though the rule went into effect on March 19th, 2021 it will not be enforced for an additional year. We...
Date: 22th February 2019 , Duration: 60 min
Date: 22th February 2019 , Duration: 60 min