Bank Account Verification

Challenge

The rise of online payment processing has greatly improved transaction convenience and speed, but it has also increased the risk of fraud. Today, financial institutions must accurately assess bank account trustworthiness and evaluate payment return risks before processing transactions, all while ensuring a seamless consumer experience.

Solution

Socure specifically designed Account Intelligence to help organizations comply with Nacha WEB Debit Rule, which mandates that originators validate an account’s status and ensure it accepts ACH entries before executing payments. Account Intelligence not only fulfills this requirement but also goes a step further by verifying that the named consumer or business is the rightful owner of the account.

Discover how Account Intelligence enables you to establish bank account trust, expedite disbursements, safeguard against payment fraud, and meet ACH regulatory requirements—all while delivering a seamless customer experience.