Transaction Authentication | Early Warning

PRODUCTS / PAYMENTS & DEPOSITS

ACCOUNT OWNER AUTHENTICATION (AOA)

1

Authenticating account ownership for financial institutions, corporations and government entities

Knowing who you’re transacting with is important. Our AOA solution helps you identify who you’re working with and if they are authorized to be transacting on a checking or savings account for either a payment or disbursement transaction.

HOW IT WORKS

ID Chek

Inquire against customer database

Matching data including account/routing, Account name, SSN, date of birth, etc.

Early Warning Response

Provides immediate notification of account ownership with a (Y) yes, (N) no, or (C) conditional verification.

PRODUCT BENEFITS

For FIs

Ensure customers are authorized to transact on external accounts. Use cases include new account funding, external account linkages, inbound payments and outbound disbursements for cards, HELOCs and other credit or lending products.

For Corporations

Avoid administrative and unauthorized returns for ACH payments enrollments, e-commerce purchases, online bill payments, check cashing services, disbursements and other use cases where detecting checking or savings account status and ownership risk is essential.

For Government Entities

For tax refunds, benefit disbursements, and more, ensure the funds are being delivered to the right person.

Let’s talk about how Account Owner Authentication can work for you.

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