Regulations and Bank Account Verification Solutions

Preventing Online Payment Fraud

<p align="left">Online payment fraud is one of the fastest growing areas of fraud and is expected to exceed $343 billion in merchant losses, globally, between 2023 and 2027, per Juniper Research. As a result, new regulations have emerged across the US and EU requiring bank account verification prior to ACH payment processing. However, verifying domestic bank account status and ownership prior to ACH transactions or funds disbursement can be costly for financial institutions and a lengthy process for consumers.</p>
<p align="left">During this on-demand webinar, Socure experts will:</p>
<ul>
<li>Discuss new regulations, including the Nacha WEB Debit rule.</li>
<li>Provide an overview of the types of solutions available for bank account verification, including consumer-permissioned, data-driven, and micro-deposit options.</li>
<li>Introduce Socure Account Intelligence, the company’s newest bank account verification solution that validates bank account ownership and open status.</li>
</ul>


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How to Stay Ahead of Digital Payments Fraud with Socure Account Intelligence

Preventing Online Payment Fraud

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