Learn more about Account Validation.
Nacha’s WEB Debit Account Validation Rule went into effect on March 19, 2021. Maintaining compliance with the WEB Debit Rule requires verifying a consumer’s account and that ACH originators use “account validation.”
ValidiFI a Nacha preferred partner offers both credentialed and non-credentialed Account Validation services. Our real-time solutions help maintain compliance and mitigate fraud. We also have different tiers available, depending on your needs, the Basic, Standard, Enhanced, and Advanced. In addition to achieving WEB Debit compliance, ValidiFI’s Account Validation improves the user experience. Account Validation allows financial institutions to provide faster funds availability, transactions, reduce payment fraud and risk.
To learn more about account validation for greater accuracy or for additional information on the WEB Debit rule, call 754-209-2511 or email us today.