Tag: vAccount

Digital Transformation in Healthcare Finance: Advantages to Bank Account Validation

Electronic Funds Transfer (EFT) in healthcare refers to the electronic exchange of payment and remittance information between healthcare providers, insurers, and other healthcare stakeholders. It enables secure and efficient transfer of funds, replacing traditional paper-based transactions with digital processes.  Challenges Faced in the Healthcare Industry  Complex Billing and Payment Processes: Healthcare billing can be quite […]

Three Things They Don’t Tell You About Bank Verification

If your business engages in ACH transactions, it’s likely you’ve implemented some form of bank verification solution. However, not all bank verification services are created equal, and they may serve different functions. The term “verification” is often loosely used to describe products confirming various aspects of a bank account. This can include checking account status, […]

Maximizing Efficiency: The Role of Bank Account Validation in Reducing ACH Returns

Automated Clearing House (ACH) payments have emerged as a preferred method for electronic fund transfers, enabling seamless transactions between financial institutions. Unlike traditional methods that rely on paper checks or wire transfers, ACH payments facilitate direct transfers of funds electronically, enhancing transactional reliability and reducing processing times.   While Automated Clearing House (ACH) transactions offer numerous […]

How One Customer’s Experience with Application Fraud Highlights the Need for Advanced Detection and Validation

In today’s fast-paced digital world, the convenience of online lending and instant credit approvals has become the norm. However, this convenience comes with significant risks, as fraudsters continuously develop sophisticated methods to exploit vulnerabilities in financial systems.   What is Application Fraud?  Application fraud involves the use of stolen or fabricated personal information to apply for […]

Boost Your Bank Account Verification with ValidiFI: Leading Coverage and Cost-Efficiency

In today’s fast-paced financial environment, where 82% of American’s are using digital payments, having a reliable and efficient bank account verification service is critical. Does your organization depend on verifying bank accounts from a diverse range of financial institutions, including credit unions, regional banks, and neobanks? Then ValidiFI is your ultimate solution. Here’s why.  Enhanced […]

ValidiFI Company Fact Sheet

Download our company fact sheet for an overview of ValidiFI, solution offerings and database coverage.  ValidiFI offers: Non-credentialed and credentialed solutions Non-FCRA and FCRA offerings Unique database of bank account and payment attributes Download Fact Sheet

Infographic: Everything You Need to Know About Bank Account Validation

Download infographic to learn about the commonly used bank account number validation methods like prenotes and validation services, Questions and features to consider as well as how ValidiFI can help you comply. As a Nacha preferred partner, ValidiFI offers flexible account validation services to meet your organization’s use case, friction and customer experience needs. Contact […]

Product Sheet: vAccount

Download our vAccount product sheet to learn more about our bank account validation solution. Verifying or validating a bank account is crucial, especially for small transactions and to ensure Nacha WEB debit compliance.     vAccount from ValidiFI benefits: Cost-effective, low friction solution Verify accounts instantly Prevent fraud and sending disbursements to a fraudulent account Reduce […]

Elevating Bank Account Validation and Risk Assessment to New Heights

Here at ValidiFI®, we’ve been diligently enhancing and expanding our predictive bank account and payment intelligence offerings to better serve your ever-evolving compliance, bank account validation, fraud, and credit risk needs. Introducing ValidiFI Solution Offerings: Predictive Bank Account and Payment Intelligence Solutions vIndex: Identify High and Low-Risk Financial Institutions. vAccount: Streamlined Bank Account Validation for […]

ValidiFI Relaunches with Its’ Industry-Leading Offering of Credit Risk and Validation Solutions

ATLANTA, GA, July 5, 2023 – Today, ValidiFI, announces its official relaunch following its acquisition by RIBBIT in June 2023. Moving forward, the combined company will operate under the ValidiFI name and branding, serving a broader range of industries and customers.  This strategic combination has now created one of the industry’s largest alternative databases of bank and […]