Account Verification allows businesses to authenticate account numbers presented by consumers and businesses. It makes life easy for legitimate customers, while managing fraud costs.
Account Verification’s features include:
- Matches credit card or bank account information with a verified identity in real-time, helping to increase conversion rates
- By linking identity and payment details, it validates the authenticity of credit card or bank account details
- Uses a secure cloud-based platform
And with these features, bring several key benefits:
- Helps reduce risk of chargebacks for CNP activity by validating linkage of the identity with the credit card or bank account information for digital transactions
- Returns immediate response with result for consumers and businesses
- Provides the consumer flexibility in choosing to use a credit card or bank account
Learn more about Account Verification in our presentation.