Verify Account

Verify Account

Validate account ownership

Corporate and government entities, along with the treasury resellers that serve them, can reduce transactional fraud and facilitate account validation in real-time with Verify Account.

Determine Assets and Eligibility

Watch the Verify Account video

Verify Account leverages data from thousands of banks to verify the current account status and checks whether your customer’s personal information is a match with the authorized account owner and authorized signer. Quickly and confidently mitigate transaction fraud and determine whether an account is open and in good standing with real-time validation of user-provided accounts.

Validate account ownership

As of March 2021, Nacha has mandated that all ACH originators include account validation as part of a “commercially reasonable” fraudulent transaction detection system. Verify Account can assist you in adhering to Nacha rules without adding friction to transactions.

Verify Account use cases

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ACCOUNT OWNER
AUTHORIZATION

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WEB DEBIT
ACCOUNT VALIDATION

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GOVERNMENT BENEFIT
DISBURSEMENTS

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PAYROLL DIRECT
DEPOSIT

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NACHA WEB DEBIT
RULE ASSISTANCE

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PAYROLL
ENROLLMENTS

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INSURANCE
PAYOUTS

How it Works

Alex’s washing machine leaks while he is at work one day, causing a flood in his home. He makes a claim with his insurance provider, SafeHome, to repair the flooring.

  •  Alex chooses ACH to receive the funds.
  •  SafeHome uses Verify Account to validate that the account belongs to Alex and he is authorized to transact on it.
  •  The National Shared DatabaseSM Resource – which contains bank-contributed account and ownership data – makes it possible for SafeHome to validate the account before processing the payment.
  •   Alex’s account is verified and SafeHome issues an ACH credit.

Alex doesn't have to wait for a check to be mailed. He's quickly able to make his home comfortable again.

What it solves

Verify Account helps you mitigate transaction fraud by providing real-time validation of user-provided accounts. Use it to quickly and confidently determine whether an account is open and valid – while ensuring the user truly is who they claim to be.

Treasury Financial Institutions

If you are a financial institution looking to mitigate payment risk, you’ll want to check out Verify Payment

Corporate and Government Entities

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The Early Warning® Advantage

Leverage 30 years of experience to enhance your new accounting opening strategy.

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Robust data

Early Warning is the Trusted Custodian® of the National Shared DatabaseSM Resource which contains a rich set of data, ensuring our information is always up-to-date.

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Scalable technology

Grow at your own pace! Access our capability bundles through a simple API. Implement once – and quickly deploy additional capabilities in a snap.

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Rich analytics

Our risk assessment algorithms incorporate comprehensive, cross-institution data sets, adding depth and perspective to insights.

Early Warning is the Trusted Custodian® of the National Shared DatabaseSM Resource – 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, US Bank and Wells Fargo

Let's talk about how we can grow your financial institution

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