Verafin’s powerful ACH account validation verifies account ownership and status by identifying demographic mismatches, relevant transaction insights, online logs, account behavior and previously identified mule accounts within the Verafin network.

When the sending and receiving financial institutions are Verafin customers, our ACH Fraud analytics can provide enhanced protection against unauthorized ACH debits with sleeper account detection, payer exposure verification, non-existent account detection, and more.

Get alerted when it appears either a consumer or corporate customer is being victimized by a known criminal scam — including Business Email Compromise or vendor impersonation fraud — before losses can occur.

Verafin provides enhanced ACH transaction analysis through the examination of cross-channel activity, such as demographic changes to a customer’s account; and multiple data sources such as online banking systems to boost risk in the presence of unusual behavior.

Behavior-based analysis alerts you to ACH payments and debits that are unusual for a customer based on their past behavior, including coverage for corporate customers using the ACH channel. Verafin alerts you to potentially fraudulent originated credits, as well as unusual payroll file alterations.

Verafin’s ACH Fraud analytics leverage insights from 420 million counterparty profiles to identify payer-payee name mismatches in real time to improve fraud detection.

Verafin analyzes massive volumes of information, including NACHA, core, and third-party data, to generate behavioral evidence on unusual values, unusual fingerprints and more. Evidence is segmented by fraud typology, risk-scored, and considered in concert with consortium analytics for holistic coverage against ACH fraud.