Account Verification: Powered by Open Banking
Leveraging the power of our Open Banking capabilities, we deliver better payment security using bank level security controls and biometrics.
Leveraging the power of our Open Banking capabilities, we deliver better payment security using bank level security controls and biometrics.
Moneyhub Account Verification is here to enhance the security and integrity of online financial transactions. It provides a robust method for ensuring that payment details and payee details correspond precisely to registered account information.
Drastically lower the risk of financial fraud by ensuring all transactions are sent to the correct and verified recipient.
Build trust with your customers and partners by employing enhanced verification processes.
Provide a faster payment journey for the sender, with almost instantaneous means of verifying account ownership.
Minimise the risk of user mistakes because there's no need to type in the account number or sort code.
Account population: Name and account details can be used to populate user information.
Additional accuracy: Add an extra layer of defence against fraudulent activities by enabling the sender to verify that the payment details and account name corresponds precisely to the registered account information.
Identity confirmation: Using verified banking details for additional accuracy streamlines the process of setting up new accounts.
Finance: Use Account Verification for new account openings and loan applications to reduce the amount of form filling.
Affordability checking: Combine with our decisioning and categorisation solutions to achieve greater accuracy for checking affordability.
Subscription services: Verify ownership of the bank details submitted, reducing the chance of human error and acting as a fraud reduction mechanism for Direct Debit creation.
Payout verification: Confirm account ownership prior to making a payment to an unknown account.
Moneyhub Account Verification is an added feature of Open Banking Payments. Get started today to experience improved payments security.
Whether you want to create your own solution, or you want us to do it for you—we have the technology for it. Our experienced team is here to support you now and in the future.