Increase confidence in the validity of consumer-provided bank account details — ensuring they’re associated with the names and addresses on file.
Mitigate the risk of potential fraud that uses stolen bank information, and prevent non-genuine consumers from passing through the process.
Use for real-time, non-intrusive checks to validate payment information, helping create friction-right transactions.
Here’s what you can do with Bank Verification.
Better prevent fraud across your payment processes. Tap into powerful data analytics to increase first-time pass rates by validating bank information provided. Strengthen your customer experience and approaches to compliance.
Get TruValidate Bank VerificationUnderstand bank account ownership
Validate the payment method used is linked to the presented identity and understand historically if this has been observed in TruValidate.
Gain unique market insights
Access unrivalled historic enquiry data and market-leading matching technologies to build understand consumers, uncover risk and build trust.
Gauge fraud risk
Prevent non-genuine consumers from getting through the application procedure by checking if payment information can be linked to the customer or somebody else.
Access broader data assets
Implement another layer of verification by leveraging bank data not available in the bureau. Use tens of millions of additional accounts to validate ownership.
Support regulatory adherence
Embed robust checks to strengthen your overall approach to combat potential evolving fraud threats. Aid business efforts to help protect consumers and support key compliance requirements.
Flexible and configurable
A propriety fraud solution that’s customisable, easy to deploy and complements other fraud tools. Select the level of bank checks suitable for your risk appetite.
Related Products
-
Card Verification
Robust, real-time payment checks.Learn More -
Identity Verification
Make accurate identity decisions to minimise fraud and money laundering risk.Learn More -
Fraud Alerts
Reliable, real-time notifications of risk.Learn More -
Document Verification and Facial Recognition
Quickly and effectively verify customers.Learn More -
Email Verification
Effectively validate email address information.Learn More -
Device Risk
Help prevent fraud through device intelligence.Learn More
See Other TruValidate Solutions
