Fraud Reduction

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.

Key Benefits

  • 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

Related Resources

Envestnet | Yodlee Data Analytics for Retail + Commerce Signals Data Sheet

Overcome the Top 4 Roadblocks and Deliver the Ultimate Financial Services Application Experience Overcome the Top 4 Roadblocks and Deliver

Building a successful financial services application or service isn’t enough to get consumers to use it.
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Envestnet | Yodlee Data Analytics for Retail + Commerce Signals Data Sheet

Enabling Financial Disruption: Instant Account Verification is the Key to Quickly Gaining Traction with Customers and Building Critical Mass

Financial institutions today face increased competitive pressure to both reduce costs and find new sources of revenue.
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