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Account Validation Related Topics 
Payments Next
MARCH 6, 2024
By Shai Gabay, Co-Founder & CEO, Trustmi When I speak with businesses about B2B payment fraud, most people I talk with are The post Business payment fraud demands new approaches to account validation first appeared on Payments NEXT.
NACHA
MAY 7, 2024
Phixius by Nacha Partners with ValidiFI to Enhance Account Validation Coverage droth@nacha.org Tue, 05/07/2024 - 07:00 Image Media Phixius logo with Background
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The Nilson Report
JUNE 3, 2024
The post Phixius by Nacha Partners with ValidiFi for Enhanced Account Validation Coverage appeared first on Nilson Report.
52 
Payments Dive
JANUARY 11, 2021
In advance of Nacha's upcoming WEB Debit Account Validation Rule, slated to take effect on March 19, 2021, this report serves as a guide on how to apply proper account validation measures.
The Nilson Report
JANUARY 2, 2024
The post Trustmi Provides Bank Account Validation appeared first on Nilson Report.
Payments Dive
FEBRUARY 12, 2020
Account validation capabilities have not kept pace. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network.
The Paypers
SEPTEMBER 28, 2023
Morgan has announced that it has been designated by the US Treasury Department under a financial agency agreement to offer account validation services for federal government agencies.
Payment Savvy
AUGUST 4, 2020
As such, they are pushing for more robust controls against fraud, and one of them is this new rule that requires account validation. Also, as part of the validation process, merchants must ensure any bank account submitted for an ACH transaction is valid. Account Validation Approaches.
The Paypers
NOVEMBER 1, 2022
US-based digital identity platform Socure has launched a new account validation solution aimed at FIs, government agencies, and enterprises.
Finextra
MAY 8, 2024
Phixius by Nacha—a trusted, secure, peer-to-peer payment information network—announced today its partnership with ValidiFI, a leading provider of predictive bank account and payment intelligence.
52 
NACHA
OCTOBER 23, 2023
Phixius by Nacha has successfully validated information for more than 4 million accounts since its first validation in March 2021. This accomplishment highlights its pivotal role helping customers of all sizes with Nacha rule compliance, as well as risk management.
52 
The Paypers
FEBRUARY 9, 2022
Aliaswire , a provider of digital payment and credit solutions, has announced the addition of a new bank account validation (BAV) solution for banks and their commercial clients.
The Paypers
JANUARY 8, 2021
US-based Nacha has announced that digital platform ValidiFI is now a Nacha Preferred Partner for Account Validation, according to the official press release.
The Paypers
NOVEMBER 2, 2021
Bank of America has launched Account Validation, a fraud prevention service for corporate and public sector clients.
The Paypers
AUGUST 3, 2021
US-based payments fraud detection provider Advanced Fraud Solutions (AFS) has rolled out TrueACH with Account Validation.
The Paypers
AUGUST 3, 2021
US-based payments fraud detection provider Advanced Fraud Solutions (AFS) has rolled out TrueACH with Account Validation.
NACHA
AUGUST 6, 2024
6, 2024 – Nacha announced that Visa, a world leader in digital payments, has joined its Preferred Partner program for ACH Experience, Open Banking and Account Validation. RESTON, Virginia, Aug.
94 
Agile Payments
JUNE 29, 2020
What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?
88 
Finextra
AUGUST 7, 2024
Nacha announced that Visa, a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation.
52 
Agile Payments
JUNE 29, 2020
What does the new NACHA ruling around WEB ACH transactions really mean and why has it been implemented?
88 
Finextra
JUNE 18, 2024
Prometeo, a leading fintech infrastructure company connecting global corporations with financial institutions in Latin America, today announced the launch of its Bank Account Validation (BAV) offering for the US Market.
Fintech News
JUNE 13, 2024
iPiD, a provider of payment verification solutions, has announced that its Global Bank Account Validation Deployment Kit is now available in the Microsoft Azure Marketplace. said Damien Dugauquier, Co-founder and CEO at iPiD. said Heather Gordon, Regional General Manager Asia for Partners at Microsoft.
93 
The Paypers
JUNE 19, 2024
Prometeo has announced that it entered the US market via its Bank Account Validation (BAV) solution, supporting the connection between LATAM businesses and US banks.
Fintech Finance
AUGUST 7, 2024
Nacha announced that Visa , a world leader in digital payments, has joined its Preferred Partner Program for ACH Experience, Open Banking and Account Validation.
97 
Fintech Finance
MAY 30, 2024
HSBC has introduced a new Payment Pre-Validation API (Application Programming Interface) to help business customers make payments with greater security, ease and confidence, by offering enhanced capabilities to verify payee details prior to initiating payments, making them faster and more reliable.
52 
PYMNTS
MAY 10, 2019
In a new PYMNTS interview, David Barnhardt, executive vice president of product at GIACT , which offers fraud detection and account validation tools, talks about an upcoming change by NACHA, national administrator of the ACH network, to make internet-initiated debit transactions (WEB debits) safer and more seamless.
71 
The Paypers
JULY 6, 2023
Meta Platforms has selected US-based nsKnox to provide global vendor account validation and B2B payments fraud protection.
PYMNTS
SEPTEMBER 15, 2020
To that end, in an interview with PYMNTS, Kimber Johnson , executive vice president of strategic alliances at GIACT , said account validation is of increasing importance in an age where commerce is speeding up, and increasingly, moving online. The old saying goes: Faster payments, faster fraud.
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Fintech Finance
MAY 30, 2024
Morgan, is designed for the exchange of global account validation information. Morgan is a network that facilitates secure and private peer-to-peer information and capability exchange between global financial services organisations such as banks, credit unions, fintechs, and digital banks among others.
52 
Fintech Finance
MAY 7, 2024
Phixius by Nacha —a trusted, secure, peer-to-peer payment information network—announced today its partnership with ValidiFI , a leading provider of predictive bank account and payment intelligence. This collaboration will expand on Phixius’ current account validation coverage, leading to fewer returns and improving ACH payment quality.
52 PYMNTS
MAY 2, 2019
The Association named MicroBilt for the accuracy and timeliness of its account verification capabilities, it said. “Account validation is an important tool for businesses that originate ACH transactions,” said NACHA Chief Operating Officer Jane Larimer in a statement. “With a database of more than 1.5
49 The Paypers
JUNE 7, 2022
US’ Nacha announced a partnership with Phixius and Aliaswire that will allow entities that originate a small volume of ACH transactions to comply with Nacha's WEB Debit Account Validation Rule.
31 
Fintech Finance
JANUARY 10, 2024
Fast and easy account validation has become a crucial component in customer onboarding, and enterprises are struggling to find a fast, reliable, and cost-effective way to validate new accounts. VoPay’s new Instant Micro-Transaction Verification tool does just that.”
52 
PYMNTS
JULY 5, 2020
“The extension of this relationship addresses an increasingly important need for clients who are seeking real-time account validation to further reduce the risk of fraud and misdirected payments — which reduces costs and delivers a better user experience for clients,” she said, according to the release.
Fintech Finance
APRIL 11, 2024
Banks can now access Verification of Payee (EU), Confirmation of Payee (UK) and SWIFT Beneficiary Account Validation (BAV) via Temenos Exchange using the SurePay API. The integration with Temenos and availability on Temenos Exchange allows banks to easily deploy SurePay solutions on top of their Temenos core banking system.
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PYMNTS
SEPTEMBER 18, 2020
Kimber Johnson , executive vice president of strategic alliances at GIACT , the Texas-based fraud detector, told PYMNTS that account validation is increasingly important as eCommerce continues to move online. She noted that verifications can also utilize information tied to payment history.
88 
PYMNTS
DECEMBER 3, 2020
The portal also includes resources for account validation, Nacha said in its announcement, with Nacha Senior Vice President, ACH Network Administration Michael Herd noting, "Nacha wants to make it as easy as possible for businesses and other organizations to stay informed of changes.".
88 
Fintech Finance
APRIL 24, 2024
Now live in the UK with 10 large banks, Consumer Fraud Risk leverages AI and Mastercard’s unique view of account-to-account transactions, to help banks intervene in real time and stop a payment to a scammer before funds are sent.
52 
The Fintech Times
FEBRUARY 21, 2024
The Swift Payment Market Practice Group (PMPG) also outlined how global adoption of the LEI in ISO 20022 payment messages can support key cross-border use-cases including: sanctions and watch-list screening; KYC and client onboarding; fraud detection and the fight against vendor scams; e-invoice reconciliation; and account-to-account validation.
PYMNTS
DECEMBER 30, 2019
offering payments to business services [and] you have real-time account validation services via [application programming interface] API,” he said. You also have the opening of a lot of these directories across the network to validate, authenticate and provide kind of security around the payments flow.”.
52 
PYMNTS
FEBRUARY 21, 2017
The suggestion, then, was to use tokenization to ascertain account validity and funds availability in consumers’ accounts, using API calls from the merchant. Brantner said her firm sought to eliminate some of the risks for the merchant, while also maintaining an easy payment method for the consumer.
PYMNTS
MARCH 27, 2020
If the payment is being tied to that account, does that payment make sense — does it ‘tie’ to the person?”.
FICO
JULY 28, 2021
In response to a rise in fraudulent activity targeting ACH and other electronic transactions, the WEB Debit Account Validation Rule was put into effect by NACHA on March 19, 2021. The supplemental requirement applies to the first use of an account number or changes to the account number. Source: NACHA. Here’s why.
52 PYMNTS
APRIL 26, 2017
If the payment is made to an account that has infiltrated the client system, it is challenging to detect, especially if you are an organization who makes thousands of payments per day to hundreds of suppliers around the world. Kyriba is developing a bank account validation solution that will solve this problem.
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