Better Detect and Prevent Transaction Fraud

Validate account status and ownership at the point of transaction.

ID Chek

Step 1: A consumer initiates a transaction and submits their account information to your digital account processing system.  

Step 2: Early Warning® receives a Verify Account inquiry and uses bank-contributed data to validate the account status and ownership in real-time.

Step 3: Early Warning provides you with the current account status (e.g., Open, Closed), the account ownership match result (e.g. Yes, No), and an overall match score.

Step 4: Your team uses the Verify Account results to make an informed decision about your next steps (e.g., approve/reject the transaction or request additional information). 

  • Robust data: Early Warning is the Trusted Custodian® of the National Shared DatabaseSM Resource—which contains a rich set of deposit performance data contributed by thousands of financial institutions on a recurring basis, ensuring our information is always up to date.
  • Scalable technology: Grow at your own pace! Access our capability bundles through a single API (application programing interface). Implement once—and quickly deploy additional capabilities in a snap. 
  • Rich analytics: Look beyond a single match to a negative data point—and make more informed decisions, in context. Our risk assessment algorithms incorporate comprehensive, cross-institution data sets, adding depth and perspective to insights. 
  • Proven track record: Take advantage of Early Warning’s 30 years of experience to enhance your existing new account opening and risk mitigation process or use our holistic bundles end-to-end.

Let’s talk about how you can incorporate account validation into your fraud prevention strategy.

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More About Fraud Mitigation
Identity Verification
An executive at a religious financial institution is tempted to live a double life: empower the customers wanting to find their purpose or steal from the institution that helps them do so. A story of embezzlement, deceit and fraud.