DeFi Daily News
Saturday, June 7, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home DeFi

rewrite this title ValidiFI Adds Authoritative Bank Account Verification to its vAccount+ Suite – Finovate

Julie Muhn (@julieschicktanz) by Julie Muhn (@julieschicktanz)
April 18, 2025
in DeFi
0 0
0
rewrite this title ValidiFI Adds Authoritative Bank Account Verification to its vAccount+ Suite – Finovate
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

ValidiFI has expanded its vAccount+ suite to include authoritative bank account verification, enabling real-time validation of account status and ownership using direct-source financial data.

The new tools include vAccount+ Verify and vAccount+ Coverage, which will help firms onboard customers, initiate ACH payments, and detect fraud with higher accuracy.

Built with AI and machine learning, the enhanced suite supports compliance with NACHA regulations and helps banks, lenders, and fintechs make smarter, faster decisions at scale.

Bank account and payment intelligence company ValidiFI recently unveiled enhancements to its vAccount+ suite. This week’s release will add new capabilities for authoritative bank account verification that firms can use when onboarding new customers, initiating ACH transactions, verifying payouts, and ensuring compliance with NACHA and anti-fraud regulations.

Authoritative bank account verification refers to the process of confirming a retail or commercial customer’s bank account ownership and status using official, direct-source data that is obtained from banks, core processors, or authoritative financial institutions. This is in contrast to traditional verification methods that rely on information supplied by the user, manual document uploads, or even micro-deposits. Instead, authoritative bank account verification leverages real-time data to confirm that an account exists, is open and active, and that the person or business claiming the account is indeed the rightful owner.

ValidiFI can leverage the new capabilities to validate up to 85% of accounts based on authoritative data and known transaction history. ValidiFI’s new authoritative bank account verification tool leverages AI and machine learning to analyze bank account and routing number patterns and relationships, which extends coverage to provide insights on 96% of accounts.

“Expanding the vAccount+ suite to include authoritative bank account verification empowers organizations in the B2B payments space to make informed decisions, optimize workflows, and improve risk management strategies,” said ValidiFI CEO John Gordon. “This addition reflects our commitment to delivering actionable insights that drive smarter, more efficient business operations.”

The two authoritative bank account verification tools include vAccount+ Verify, which verifies with authoritative sources for higher accuracy; and vAccount+ Coverage, which maximzes verification using all available data, including authoritative sources.

The tools verify the accuracy of the customer’s bank account and routing number, and offer the option to authenticate bank account ownership by matching the applicant’s details with the account owner’s information. The ownership details help organizations detect discrepancies and potential fraud.

Founded in 2014, ValidiFI offers real-time bank account verification and payment intelligence solutions for both retail and commercial customers. Its tools help lenders, banks, and fintechs improve credit decisioning, prevent fraud, and manage risk with more precision. ValidiFI’s platform is particularly effective in spotting suspicious patterns, such as synthetic identities or mule accounts, and in supporting compliance with account verification mandates such as NACHA’s WEB Debit Rule. By delivering actionable insights instantly, ValidiFI enables its clients to make confident, data-driven decisions at scale.

Photo by crazy motions


Views: 1

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: accountAddsAuthoritativeBankFinovaterewritesuitetitlevAccountValidiFIVerification
ShareTweetShare
Previous Post

rewrite this title Interoperability Protocol Asset Surges After a16z Acquires $55,000,000 Worth of the Project’s Native Asset – The Daily Hodl

Next Post

rewrite this title Could The Shrouds be David Cronenberg’s final movie?

Next Post
rewrite this title Could The Shrouds be David Cronenberg’s final movie?

rewrite this title Could The Shrouds be David Cronenberg's final movie?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
rewrite this title with good SEO What Bitcoin Indicators Predict For Q3 2025?

rewrite this title with good SEO What Bitcoin Indicators Predict For Q3 2025?

April 18, 2025
Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

Moralis Web3: Enterprise-Grade Crypto PnL API for Tracking Wallet Profit & Loss

July 24, 2024
Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

Forecasting Reserve Rights (RSR) Prices: 2024, 2025, 2026, 2027 Through 2030

September 18, 2024
I Have Fallen Into The Personal Loan Trap

I Have Fallen Into The Personal Loan Trap

May 2, 2025
rewrite this title and make it good for SEOSIP Calculation at 12% Annualised Return: Rs 30,000 monthly SIP for 10 years, Rs 15,000 for 20 or Rs 10,000 for 30, which can make you a crorepati?

rewrite this title and make it good for SEOSIP Calculation at 12% Annualised Return: Rs 30,000 monthly SIP for 10 years, Rs 15,000 for 20 or Rs 10,000 for 30, which can make you a crorepati?

June 7, 2025
rewrite this title Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens 

rewrite this title Top 7 Indicators That Ozak AI Is the Next Big Thing in AI Tokens 

June 7, 2025
7 Days of Sailing Europe on a Luxury Cruise (MSC Yacht Club)

7 Days of Sailing Europe on a Luxury Cruise (MSC Yacht Club)

June 7, 2025
Can People With Mental Health Challenges Build Wealth?

Can People With Mental Health Challenges Build Wealth?

June 7, 2025
rewrite this title with good SEO Ethereum Holds Key Range Support After Pullback – Bulls Eye ,000 Level

rewrite this title with good SEO Ethereum Holds Key Range Support After Pullback – Bulls Eye $3,000 Level

June 7, 2025
rewrite this title When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

rewrite this title When it comes to saving, Gen Z asks: ‘What’s the point?’ That’s dangerous, expert says

June 7, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.