Safe, Secure, and Quick
Connect and Access Financial Accounts
Verifying and authenticating your bank account while reducing risk is critical as digital banking needs and services rise exponentially. Account validation and verification from Envestnet | Yodlee happens in real-time without requiring micro-deposits, routing numbers, or bank account numbers. Plus, account linking is intuitive, fast, and secure for a better user experience with Envestnet l Yodlee FastLink.
Quickstart for Account Verification
Envestnet | Yodlee provides a Quickstart guide for Account Verification supporting the developer’s quick learning and development to meet the needs of the following common account verification use cases:
- Consumer Payments
- Deliver on NACHA Compliance
- Fraud Prevention
- Avoid NSF and Overdraft Charges
This Quickstart guide aims to take a developer from introduction to coding in an hour.
Key Benefits
Bank Account Verification
With Envestnet | Yodlee, account verification is easy-to-implement, flexible and scalable, removing the complexity for your business and the account holder.
Quickstart
This Quickstart guide aims to take a developer from introduction to coding in an hour.
Real-Time Verification
Instantly verify account information, ownership and available funds in your online bank account
Secure
Count on products and services that adhere to bank-level security, privacy, and regulatory standards to avoid a fraudulent transaction
Core API
Along with account verification, our core APIs handle additional workflows such as aggregation and more
NACHA Preferred Partner
Envestnet | Yodlee's account verification solution meets the new NACHA rules for screening online payments to deter fraud
Open Banking-Ready
Rely on our transparent, international ecosystem with stringent protocols for responsible access to secure, comprehensive, and consumer-permissioned data while meeting Open Banking and PSD2 mandates
Validate Account Ownership and Reduce Risk With:
Account Verification
Case Study
Leveraging Account Verification to Reduce Fraud
In 2017, Digital Federal Credit Union was dealing with an onslaught of fraudsters taking advantage of vulnerabilities in their system. Envestnet | Yodlee reduced losses due to fraud by 90% in just months.