Audience
Banks wanting a solution to manage their identity verification and account validation processes
About VerifyNow
Identify and authenticate consumer account owners and verify account status in real-time using API calls offered by VerifyNow from Fiserv. Data from third-party partnerships and from our extensive footprint in bank, merchant, and card processing improves accuracy and helps reduce fraud. Getting users quickly authenticated is easy when Fiserv helps verify the account provided is owned by the same person trying to initiate an ACH transfer. VerifyNow includes Early Warning Services to enable instant verification. This increases verification success and happens completely behind the scenes. Customer data is never shared or sold to third parties. When a user ID is deleted, all data associated with that ID is also deleted; only data that must be stored for regulatory compliance is retained. Access a wide array of third-party data sources that enable you to meet your customer (KYC) requirements and proactively authenticate account status.
Other Popular Alternatives & Related Software
Confirm by Kinexys Liink
Confirm is a bank account verification solution in J.P. Morgan’s Kinexys Liink network. It helps participating financial institutions verify whether a beneficiary’s account name matches bank account details before a payment is sent, supporting payment setup and account-check workflows. Participating institutions can submit account information and receive a verification response through the network. Confirm is designed for banks, other financial institutions and payment service providers that need to check beneficiary details as part of payment operations. Its verification capabilities are connected to payment systems and third-party data sources, including verification providers, rather than being presented as a consumer banking application. The service supports efforts to reduce payment errors caused by incorrect beneficiary information.
Learn more about Confirm by Kinexys Liink
Plaid
Plaid is a global fintech infrastructure platform that enables businesses and consumers to securely connect to financial data and services. Through APIs that connect to more than 12,000 financial institutions across 20+ countries, Plaid operates the world’s largest open banking data network. By removing the complexity of direct bank integrations, Plaid enables developers, financial institutions, and enterprises to build secure, user-friendly, and conversion-optimized financial products. Plaid powers payments, lending, identity verification, fraud prevention, and personal finance applications. Today, more than 100 million people worldwide, including half of U.S. adults, have relied on Plaid through their connections to over 7,000 apps and services.
Learn more about Plaid
Instant Bank Verification
Instant Bank Verification provides real-time, user-permissioned financial data aggregation and verification designed for lenders. What you can do with IBV? Verify users’ identities and reduce fraud. Verify real-time account balances. Understand income and verify employment. Access detailed transaction history. Verify borrowers’ assets straight from the source. Add flexible pricing - where you only pay for services when you use them - and IBV stands apart as a right-sized solution for your loan originations. Ideal for retail loan origination, short term lending, auto financing, property rental, and more. IBV is powered by an easy to integrate web portal that can be added directly to your existing website or a fully documented API. To better understand how IBV works, check out the demo on our website.
Learn more about Instant Bank Verification
Trustpair
Trustpair is the leading third-party risk management platform fighting payment fraud for Finance departments in mid and large-cap corporations. Secure controls when editing or adding a third party. Control bank details instantly, worldwide coverage, natural and legal persons control. Single or batch data import, no more input errors, traceability of each controlled performed. Trustpair is surrounded by the most prestigious partner network to support financial departments of mid-caps and major groups in their projects to fight wire transfer fraud and digitize their processes. With Trustpair, make sure you pay the right third party on the right bank account, it’s that simple. Trustpair’s business solution digitizes the process of checking third-party bank details throughout the procure-to-pay processes, from the entry into the third-party database to the generation of your paid campaigns.
Learn more about Trustpair
Integrations
API:
Yes, VerifyNow offers API access
No integrations listed.
Company Information
Fiserv
Founded: 1984
United States
www.fiserv.com/en/solutions/data-aggregation/verifynow.html
Videos and Screen Captures
Other Useful Business Software
Custom VMs From 1 to 96 vCPUs With 99.95% Uptime
Live migration and automatic failover keep workloads online through maintenance. One free e2-micro VM every month.
Product Details
Platforms Supported
Cloud
Training
Documentation
In Person
Videos
Support
Phone Support
Online
VerifyNow Frequently Asked Questions
Q: What kinds of users and organization types does VerifyNow work with?
VerifyNow works with these users and organization types: Mid Size Business, Small Business, Enterprise, Freelance, Nonprofit, Government, and Startup.
Q: What languages does VerifyNow support in their product?
VerifyNow supports these languages: English.
Q: What kind of support options does VerifyNow offer?
VerifyNow offers support via phone support and online.
Q: Does VerifyNow have an API?
Yes, VerifyNow has an API.
Q: What type of training does VerifyNow provide?
VerifyNow provides training in the form of documentation, in person, and videos.
