How vAccount+ Verify is Setting New Standards for Accuracy and Security 

In today’s fast-paced digital economy, businesses are facing mounting pressure to process payments quickly, securely, and accurately. Last year, ACH transactions saw significant growth, with online ACH payments rising by 8.4%, surpassing 10.7 billion payments—making it the largest category of ACH transactions. As more consumers use ACH for bill payments, account transfers, and other financial activities, the demand for faster, more reliable processing has never been greater. However, this surge in transaction volume and the increasing complexity of payment use cases has made it easier for errors and fraud to slip through the cracks. Traditional methods of verification can no longer keep up with the scale of these transactions, leaving businesses vulnerable to costly disruptions, compliance issues, and reputational damage. The need for smarter, more efficient payment validation solutions has never been more critical. 

The Solution: ValidiFI’s vAccount+ Verify 

With ValidiFI’s vAccount+ Verify, you can pre-validate critical payment details before initiating a transaction. By verifying bank account information—like routing and account numbers—alongside consumer-provided identity details, including name, email, and Social Security Number, this solution helps you stay ahead of processing errors. The solution significantly enhances bank account coverage and the accuracy of real-time bank account validation leveraging trusted third-party data sources to increase auto-approvals, reduce returns and payment issues, and accelerate business growth. By also having the ability to confirm account ownership, this advanced layer of verification helps identify potential fraud before it impacts your bottom line. 

Features: 

• Authoritative Data for Maximum Bank Account Coverage: Verify bank accounts and fill coverage gaps leveraging our robust proprietary and third-party data network in one place including: 
  • Early Warning®, the Trusted Custodian® of the National Shared Database ℠ – which contains a rich set of deposit performance data contributed by more than 2,500 financial institutions including banks like: Bank of America, Capital One, Chase, PNC, Truist, Wells Fargo and US Bank 
  • Proprietary data insights from J.P. Morgan Payments, the largest U.S. bank, that processes nearly $10 trillion payments daily. 
    
    
• Account Owner Authentication (AOA): Verify bank account ownership for enhanced security and verification. 

• Instant, Seamless Validation: Using real-time data network access to verify direct bank account ownership, status, and history for 85% of accounts in real time. Leveraging AI and machine learning pattern matching algorithms to analyze historical patterns and behaviors, we can validate up to 96% of accounts with greater accuracy and confidence. 

Key Benefits: 

• Improve Payment Processing Efficiency – Say goodbye to the headache of payment returns. By validating account information in advance, vAccount+ Verify reduces incorrect payments, improves straight-through processing rates, and lowers operating costs. 

• Prevent Fraud Attempts – Fraud thrives on inadequate verification. By ensuring account ownership and aligning payer and payee identities, vAccount+ Verify minimizes fraudulent activity and protects your business. 

• Flexible Integration: Seamlessly integrates with the OMNI Platform in combination with other solutions or as a standalone. No setup fees and minimums.  

A Smoother Payment Journey for All 

Investing in pre-validation technology like ValidiFI’s vAccount+ Verify doesn’t just prevent rejections—it transforms your payment processing into a seamless, efficient, and secure experience. 

Ready to improve your payment processes and safeguard your business? Discover how vAccount+ Verify can help.