Account Verification news and trends

Dwolla and Visa Partner on Account Verification for Pay-by-Bank
B2B Payments // May 16, 2024

Dwolla and Visa have partnered to make it easier for mid- to enterprise-size businesses to use pay-by-bank to pay and get paid. With this collaboration, Visa’s open banking solutions are integrated into Dwolla’s account-to-account (A2A) payment technology, the companies said in a Thursday (May 16)...

Dwolla Taps MX for Account Verification, Aggregation Solutions
Digital Banking // March 27, 2024

Dwolla has expanded its partnership with MX Technologies to help enterprises manage money movement. The company’s recently launched open banking services include bank verification and balance check capabilities powered by MX’s instant account verifications (IAV) and account aggregation solutions, the companies said in a Wednesday (March 27) press...

Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud
Fraud Prevention // March 29, 2023

The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. “Open banking, ultimately, makes life easier for consumers,” said Menon. “The different applications that FinTechs are developing are driving a lot of...

Barclaycard Says Retailers Need Detect-and-Protect Mindset to Stop Online Fraud
Security & Fraud // March 08, 2023

Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston, head of core product at Barclaycard Payments, point to the enormous threat online retailers are facing in the payments space,...

Interviews & Exclusives
Open Banking Account Verification Builds the ‘Foundation’ for Fighting Fraud

March 29, 2023
The benefits of open banking are multi-faceted, Ramesh Menon, group director, product management of LSEG Digital Identity/Account Verification and Fraud Solutions, told PYMNTS. “Open banking, ultimately, makes life easier for consumers,” said Menon. “The different applications that FinTechs are developing are driving a lot of innovation — and consumers are getting access to better, more […]

Barclaycard Says Retailers Need Detect-and-Protect Mindset to Stop Online Fraud

March 08, 2023
Payment fraud is expected to jump from $28 billion globally in 2020 to $49 billion in 2030, according to analysts. Those figures, said Linda Weston, head of core product at...

Digital Identity Crisis Forces Lenders to Find New Ways to Stop Fraudsters at the Virtual...

April 20, 2022
That old saying in business holds true in the digital age. As Neuro-ID CEO Jack Alton told Karen Webster, there’s only one chance to make a first impression. For merchants...

GIACT On Getting Ready For Nacha’s Debit Account Validation Changes

September 15, 2020
The old saying goes: Faster payments, faster fraud. To that end, in an interview with PYMNTS, Kimber Johnson, executive vice president of strategic alliances at GIACT, said account validation is...

Quick Reads
Galileo Deploys Anti-Fraud Tools for Banks and FinTechs

September 10, 2024
Galileo has introduced a pair of anti-fraud tools for banks, FinTechs and businesses. The new tools, announced Tuesday (Sept. 10), are designed to offer real-time fraud detection and risk management services amid a surge in digital transactions and evolving cyber threats. First up is Galileo Instant Verification Engine (GIVE), which is designed to provide real-time verification of external […]

Dwolla and Visa Partner on Account Verification for Pay-by-Bank

May 16, 2024
Dwolla and Visa have partnered to make it easier for mid- to enterprise-size businesses to use pay-by-bank to pay and get paid. With this collaboration, Visa’s open banking solutions are...

Dwolla Taps MX for Account Verification, Aggregation Solutions

March 27, 2024
Dwolla has expanded its partnership with MX Technologies to help enterprises manage money movement. The company’s recently launched open banking services include bank verification and balance check capabilities powered by MX’s instant account...

GIACT and Mastercard Team to Provide Secure Account Verification

March 07, 2023
Mastercard and GIACT have joined forces to offer customers secure account verification. The partnership expands on GIACT digital identity and fraud solutions to allow “businesses to use a multi-method approach...