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 Instant 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