Maintaining compliance with government and organizational regulations can at times feel overwhelming. ValidiFI’s solutions empower businesses and financial service providers with data needed to comply. Additionally, our alternative data solutions provide the actionable insight needed to help you understand and know your customer (KYC).
Overview
Overcome Regulatory Challenges, while Getting to Know Your Customers Better.
Use Case Solutions
Complying with Nacha's WEB Debit Rule
Easy to use Account Validation tool to determine if a bank account is open and accepts ACH payments.
Account ValidationAdhering to CFPB’s Payment Provisions
Better predict the likelihood of payments successfully being processed, allowing you to maintain your ability to present payments.
BAV SuiteConfirm Bank Account Ownership
Confirm the ownership of a bank account prior to accepting or processing payments, fighting fraud, while avoiding returns.
BAV - OwnershipAdditional Resources
The Account Validation Guide
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 have put together a guide of the various methods of account verification to help …
Six Factors to Consider in Determining Customer Risk
Six Factors to Consider in Determining Customer Risk
Regulatory Update: The Lend Podcast Featuring ValidiFI
Date: 22th February 2019 , Duration: 60 min