While traditional card fraud is declining, direct debit fraud is on the up, with 41,000 incidents per year predicted by 2013. Equifax Bank Check Advanced allows you to validate details before setting up debits or transferring funds. In addition, the accuracy of verification provided is so high that it may also form part of an Anti-Money Laundering check. Equifax Bank Check Advanced easily integrates into a suite of Equifax AML or fraud services.
Equifax Bank Check Advanced helps reduce the risk of failed transactions arising from invalid bank details, reducing your administration costs.
Equifax Bank Check Advanced delivers a new level of confidence that your customer is credible. It instantly matches the sort code and account number provided by an applicant to the name and address held by their bank: A quick, painless, process for your customers and complete protection for you.
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