Product

Account Verification Cloud Solution

Mitigate risk by validating that bank account and credit card accounts are associated with a consumer or business.
Contact Us

Validate Customer Identity and Payment Details to Avoid Fraud

Account Verification helps businesses minimize risk by matching a consumer's bank account or credit card used for payment with their Personal Identifiable Information (PII). It also helps to confirm that commercial bank account details presented by a business are accurate and associated with that business.

Reduce Losses

Minimize fraud-related losses and maximize revenue by identifying and preventing fraudulent transactions.

Verify Commercial Accounts

Confirm that commercial bank account details provided by a business are accurate and associated with that business.

Increase Conversion Rates

Streamline the payment process with real-time verification to increase conversion rates.

How Account Verification Works

Data Capture

Consumer or business enters credit card or bank account information as well as PII in a deposit form, recurring payment form or money transfer.

Validation

In real-time, account verification is completed by confirming linkages between account and consumer identity data using Equifax data sources.

Decision Guidance

Create a seamless experience for trusted accounts and catch fraud with clear indicators that guide your processes. Automatically accept or decline confidently or decide to apply friction based on risky reason codes.

Enable Smart Growth With Less Fraud

By matching credit card or bank account information with a verified identity in real-time, your business can increase conversion rates and minimize risk of chargebacks for card-not-present (CNP) fraud. Real-time verification can streamline and expedite the payment process, while also providing customers with the flexibility to use a credit card or bank account. Grow your business, maximize revenue, and keep fraud losses down with Account Verification.
 

Frequently Asked Questions

Account Verification matches credit card or bank account information with a verified identity in real-time and cross-references the payment information to validate their authenticity.

Account Verification minimizes chargeback risks by validating linkage of the identity with the credit card or bank account information associated with the user.

Account Verification is available via API using a simple, secure cloud-based platform.

Account Verification is beneficial for a variety of businesses, including:

  • Financial Services
  • Telecommunication & Digital Media
  • Retailers
  • Auto Dealers & Lenders
  • Insurance
  • Rental/Property Management
  • Government

Account Verification captures consumer consent to support regulatory and reporting requirements.

Related Resources

Product Sheet

Learn More About Account Verification

Account Verification helps businesses mitigate risk by verifying both the consumer's identity and that the active credit card or consumer or commercial bank account is associated with that consumer. 

Account Verification Product Sheet

Product Sheet
Product Sheet
Account Verification
Product Sheet

Related Products

Identity Proofing
Identity Proofing streamlines verification checks throughout the customer journey by ensuring the information provided is real, affiliated with the person and can be trusted.
Learn More
Digital Risk Screening
Establish trust and stop bad actors in milliseconds. Digital Risk Screening from Equifax leverages Account Protection, Account Creation Score, and Consumer Insights to securely onboard customers, prevent account takeovers, and understand user behavior without disrupting legitimate interactions.
Learn More
Credit Abuse Risk
Credit Abuse Risk is a proprietary, machine-learning product designed to detect and mitigate first-party credit abuse fraud. It utilizes gradient-boosting methodology, leveraging unique insights from FCRA-regulated data.
Learn More
Payments Fraud
With machine learning, real-time insights, and advanced decisioning, Equifax can help detect and prevent card-not-present fraud across digital channels while reducing false declines and chargebacks — protecting revenue and customer experience.
Learn More
Chargeback Prevention
Chargebacks erode revenue, damage brand trust, and increase operational costs. Our Chargeback Prevention solution delivers proactive protection that helps businesses improve payment performance, and confidently scale.
Learn More
Chargeback Recovery
Transform how you handle chargebacks. Our solution streamlines the entire rebuttal process—from identifying winnable claims to building robust evidence packages.
Learn More
N/A

Verify, Authenticate & Link Identities

Equifax provides a holistic view of a consumer with precise signals and intelligent automation to inform decisioning, mitigate risk, and streamline onboarding.

Explore Identity Solutions
Anchor Text

Need Help Deciding?

Connect with our sales team today to get a product consultation.