Transaction Verification

Use online transaction verification to validate accounts and understand account behaviour to prevent fraud and evaluate risk.

Request Information About Transaction Verification

Validate Accounts with Transaction Verification

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 maximise fraud detection and evaluate risk, quickly and easily.

This product is available via
  • API

Key Benefits

Instant Verification

By adding our Transaction verification service to Envestnet | Yodlee® Account Verification, you can leverage transaction and bank data to confirm users' financial behaviour.

Real-Time Validation

Instant access to financial data confirms the existence of the account and the account balance in seconds with bank account validation.

Reduce Risk and Fraud

Leveraging transactions can help you understand consumer account income and spending behaviour 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

CDR Accredited

As an active, Accredited Data Recipient and Intermediary under the CDR, we adhere to the highest security, compliance, and consumer privacy standards.

Payments Support

Verifying account transaction details enables smoother, more reliable risk based payment process

Trusted Open Banking Provider

10+ years in Australia, local leadership, and Open Banking expertise make Envestnet | Yodlee the ideal partner

Browse our library of white papers, case studies, and webinars to learn more about account and identity verification.

Transaction Verification in 3 Easy Steps

Using our Transaction Verification solution is simple. Here’s how it works:

  1. The consumer selects their Financial Institution through Envestnet | Yodlee FastLink
  2. The consumer enters their banking credentials, which are encrypted and securely processed
  3. Account details are returned for that Financial Institution

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Data Sheet

Account Verification to Mitigate Fraud and Risk

To reap the rewards of direct entry, businesses must minimise the risk of payment returns due to insufficient funds, invalid accounts, and fraud. Envestnet | Yodlee Account Verification can ensure an account is valid in seconds.

  • Validate Accounts
  • Manage Risk
  • Reduce Friction
  • Implement Quickly