Reduce Risk and Abandonment in Online Transactions
With more transactions occurring online and the increased demand for immediate completion, the need to manage risk in real time is a top priority. Our Account Verification solution utilizes our proprietary and patented technology to verify consumers’ accounts faster, with lower risk and less transaction fraud and consumer abandonment than traditional methods.
- Reduce abandonment with a single online session for account opening and funding; combine with Envestnet® | Yodlee® FastLink to add and link multiple accounts on all devices in seconds
- Prevent transaction failure with account number and routing verified online to eliminate administrative returns
- Protect against transaction fraud by automatically verifying account access using a consumer’s online banking credentials
- Avoid costly non-sufficient funds (NSF) charges with account balances verified online prior to ACH or funds transfer
- Simplify code and reduce integration costs and timeline
- Solve for all your needs including aggregation and verification with a unified API