Bank Account Validation (BAV), a comprehensive suite of instant and near real-time data services, assists financial institutions with identity validation, fraud detection, compliance, and risk measurement. The suite offers the ability to establish account ownership, current balance, status and the funds availability of a consumers’ bank account. Financial institutions use the BAV suite in application, underwriting, and ongoing customer management, to improve their payment processing KPI’s and ensure regulatory compliance.
Bank Account Validation (BAV), a comprehensive suite of instant and near real-time data services, assists financial institutions with identity validation, fraud detection, compliance and risk. The suite offers the ability to establish account ownership, current balance, status and the funds availability of a consumers’ bank account. Financial institutions use the BAV suite in application, underwriting and ongoing customer management, to improve their payment processing KPI’s and ensure regulatory compliance.
Service Suite
Ownership
Balance
Funds
Bank Account Number Conformity
ABA Lookup






























Data Attributes




Bank Account Ownership
The results provide a score from 600 to 1100. The higher the score indicates that there is a lower risk of the person not being the actual owner of the bank account.
Funds Availability
Idenitifies whether the amount requested is above, below, or matches the balance in the consumer’s bank account.
Risk Plus
Provides an overall score from 1 to 1000. The higher the score the less the consumer’s risk. Additional attributes available that indicate recency, frequency, and velocity for hundreds of different indicators.
Account Balance
Provides the current and available balance, as reported by the bank. Additional attributes include the account’s status, with codes that indicate if it is active, inactive, and not found.




A financial institution needed an alternative method to provide consumers and businesses with a secure, convenient ability to validate bank accounts. Consequently, incorporating the Bank Account Validation – Ownership service during the application process reduced many manual, ad hoc processes of verifying ownership. Additionally, the financial institution was also able to confidently mitigate administrative concerns with data supplied by customers.
A financial institution needed an alternative method to provide consumers and businesses with a secure, convenient ability to validate bank accounts. Consequently, incorporating the Bank Account Validation – Ownership service during the application process reduced many manual, ad hoc processes of verifying ownership. Additionally, the financial institution was also able to confidently mitigate administrative concerns with data supplied by customers.