ValidiFI’s Account Validation service introduces a new standard for authenticating and validating bank accounts.
This service verifies the legitimacy of a bank account, the status of the account, account structure, as well as detects evidence of potential fraud prior to accepting payments.
Bank Aggregation uses data directly from a bank account. Get the balance, deposits, and detailed transaction information. We apply data science, machine learning, and analytics to identify the most important bank account’s behaviors in easy to use results.
With Bank Aggregation you get truly alternative data to help you make informed decisions, by verifying identity, account ownership, employment, income amounts and frequency, debt stacking, expense trends, the ability to pay, life events, marketing opportunities, and much more.
We have the largest financial institution coverage at 31,000+ with over 48,000 connections for built-in redundancy.
Use Case Solutions
Ensure Nacha Web Debit Compliance
Improve Risk Models
Accelerate Onboarding
Data Attributes
An online business dealing with fraud related to accepting ACH payments reached out to ValidiFI for assistance. ValidiFI was able to identify the best tool to assist them in identifying accounts that would never be able to be collected due to the accounts being invalid, closed, or history of poor performance. By including ValidiFI’s Account Validations service in their customer onboarding and payment acceptance, they were able to mitigate returns and reduce their losses.
An online business dealing with fraud related to accepting ACH payments reached out to ValidiFI for assistance. ValidiFI was able to identify the best tool to assist them in identifying accounts that would never be able to be collected due to the accounts being invalid, closed, or history of poor performance. By including ValidiFI’s Account Validations service in their customer onboarding and payment acceptance, they were able to mitigate returns and reduce their losses.