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
Risk
ABA Lookup
Bank Account Number Conformity
Risk Plus










Data Attributes
A financial institution needed to find an alternative method to provide consumers and businesses with a secure, convenient capability to validate bank accounts during their enrollment process. Incorporating the Bank Account Ownership Validation service enabled the financial institution to reduce many manual, ad hoc processes of verifying ownership, and confidently mitigate administrative concerns with ownership of bank accounts supplied from their customers.
A financial institution needed an alternative method to provide consumers and businesses with a secure, convenient ability to validate bank accounts during their application process. Incorporating the Bank Account Validation – Ownership service enabled the financial institution to reduce many manual, ad hoc processes of verifying ownership, and confidently mitigate administrative concerns with ownership of bank accounts supplied from their customers.