Instantly detect fraudulent bank accounts
Identify invalid contact information like email, phone, and physical address as well as suspicious behaviors
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As ACH volumes rise and real-time payments become the norm, transaction complexity is increasing—along with fraud risk. In this fast-moving environment, a strong, adaptive fraud prevention solution is no longer optional; it’s essential.
vFraud® delivers real-time protection leveraging a vast consortium network, velocity signals, and advanced machine learning analytics. It instantly detects fraud indicators like rapid changes in contact information, invalid phone numbers or emails, and suspicious links to bank accounts, helping you stay ahead of evolving threats.
Our comprehensive solution utilizes risk indicators to:
- Detect high-frequency changes in Personally Identifiable Information (PII)
- Filter and flag invalid or fraudulent contact information like email addresses and phone numbers
- Check for past inquiries utilizing velocity metrics
vFraud®
Recent studies from ValidiFI’s data network reveal consistent patterns tied to elevated fraud risk. While results vary by client, these key indicators help uncover fraud in real time:
- 130% higher fraud risk when there's a high frequency of changes between a consumer and their PII
- 210% increase in fraud for applications with invalid email addresses
- 36% higher fraud rates when a consumer’s last name cannot be matched
- 17.5% increased risk for consumers using prepaid phones
The value for your business
Bank Account Insights
Access unique bank and payment data to analyze characteristics, behaviors, and patterns associated with high-risk indicators
Flag Suspicious Information
Identify fraudulent instances like first party fraud, new account fraud, and minimize financial losses
Reduce Risk
Reduce risk of paying or sending funds to fraudulent accounts
Related resources
Related products
vAccount™ Suite
Pair with vFraud for critical layers of protection. Together, they deliver a powerful, end-to-end solution for verifying account legitimacy and detecting risk before it impacts your business.
vIndex™
Assess the risk of a financial institution based on performance within ValidiFI’s data network.
vCredit®
Assess ability to pay based on inquiries, payment behavior, and payment performance leveraging our alternative FCRA-compliant score.
Frequently asked questions
vFraud® doesn’t just assess individual elements like the consumer for suspicious indicators, but rather the connections between the consumer, bank account, and their past payment performance for a more robust assessment. This allows you to detect fraud instantly before its too late.
vFraud® leverages proprietary and partner insights from within ValidiFI’s data network to perform various fraud checks to validate customer contact inputs like phone number and email addresses. This offers increased confidence in what your customer is providing is legitimate and accurate to help detect and reduce fraudulent attacks.
vFraud® can help detect fraud instantly by assessing suspicious indicators related to consumer, bank accounts or payments. Most common types include first-party fraud, third-party fraud, synthetic fraud, and new account fraud.
Yes, all customers are required to report their performance data as we are a give-to-get data model. By doing this, all customers gain tremendous value from accessing a much larger database of information than they would without data contribution across the network.
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