Validate Accounts with Transaction Data
Understand Your Users
What are your users' financial patterns and behaviors? Are they a good match for your services? With real-time access to transaction data, you can instantly understand your users' account behavior. So you can maximize fraud detection and evaluate risk, quickly and easily.
Instant Verification
Key Benefits
By adding our Transactions service to Envestnet |Yodlee® Account Verification, you can leverage transaction and bank data to confirm users' financial behavior.
NACHA Compliant
Transactions can help you meet NACHA rules for fraud screening and strengthen account verification processes while complying with the Nacha Account Validation rule.
Real-Time Validation
Instant access to financial data confirms the existence of the account and the account balance in seconds.
Reduce Risk and Fraud
Leveraging transactions can help you understand consumer account behavior and identity fraudulent setup.
Easy Integration
Plug-and-play API enables you to get started quickly and seamlessly and add additional use cases as your business grows.
Cost Efficiency
Reduce costs by reducing payment failures and fraud access and replacing debit card transactions with ACH transfers.
Payments Support
Verifying account transaction details enables smoother, more reliable risk based ACH transactions.
Solution Brief
Account Verification to Mitigate Fraud and Risk
To reap the rewards of ACH, businesses must minimize the risk of payment returns due to NSF, invalid accounts, and fraud. Envestnet | Yodlee Account Verification can ensure an account is valid in seconds.