We offer real-time verification of US consumer and business bank accounts. Our solution delivers clear, fact-based response codes – decline, risk alert, accept with risk and pass – via API or terminal. Bank accounts can be verified in batch for additional speed.
Risk Intelligence
LSEG Bank Account Verification Solutions
Verify bank accounts and ownership efficiently with our, streamlined bank account verification capabilities. Empowering you to safeguard payments, mitigate fraud, and transact with confidence. USA Only. Formerly known as GIACT.
Verify bank accounts and ownership quickly and seamlessly – and transact with confidence
Nearly 2/3 of US companies experienced a payment fraud attempt in the last year. Pre-transaction bank account verification can help prevent fraud and mitigate losses.
Bank account verification, however, is not always straightforward. It involves checking bank account numbers, balances, ensuring that accounts are valid and ACH capable, noting the type of bank account used, confirming transactional authority, identifying potential risk and much more.
To help you overcome these challenges, we offer a market-leading suite of solutions that enable you to verify bank accounts and ownership, safeguard payments and reduce ACH returns – all in real-time and via a single API.
- Verify bank accounts for vendors and clients for both individuals and businesses
- Ensure accounts are valid and in good standing, and that the individual is authorised to act on the account
- Access network insights to flag accounts with high velocity usage which may be at particularly high risk of fraud
- Drive improved customer experiences across customer and vendor workflows, from onboarding, to change events, to payments and disbursements
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Trusted by 1,200+ customers
Including 24/Fortune 100, 4/10 largest US banks, 9/10 largest US insurance companies
Recognised by Nacha as a Preferred Partner
We’re proud to be a preferred partner of Nacha, the ACH governing body, in the categories of compliance and risk and fraud prevention. Preferred partners are those with robust, innovative solutions that help advance the ACH network and support network participants. Learn more.
Features and benefits
What our bank account verification solutions offers you
Access extensive coverage of US consumer and business bank accounts
Convert more good customers, reduce abandonment rates
Reduce payments risk, minimise fraud and limit ACH returns
We enable real-time verifications through a single API
Strengthen your authentication procedures with fraud and risk signals that provide additional insights
How it works
Ready for fast and effective risk management?
Add additional layers of assurance to your bank account verification process with our complementary solutions:
- Account Insights: Gain additional information related to transactions, such as transaction history and aggregated historical information on account activity. This extra level of detail can be instrumental in helping you spot potential fraud.
- Identity Verification: Triangulate our bank account verification solutions alongside our comprehensive identity verification data to ensure the entity you’re doing business with is a real business or person.
- Multi Factor Authentication: Layer on multi factor authentication tools of your choice to always ensure you are dealing with the actual bank account owner before taking action. Use SMS/text or email for one time password exchange or KBA questions to detect and prevent account take over in real time
Global Account Verification
Discover a powerful API designed to combat Authorised Push Payment fraud and facilitate faster, more secure cross-border payments in real-time.
Solutions
Explore bespoke account verification solutions
Insights
Stay one step ahead of fraud. Protect your organisation with the help of our tools, resources and educational content.
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