Comprehensive and versatile confirmation of identity and bank account details

Transcription

1 Comprehensive and versatile confirmation of identity and bank account details

2 Equifax Bank Account Verifier is a comprehensive and versatile service that quickly verifies a customer s identity and confirms whether the bank account details provided are correct and valid. This can help you to avoid mistakes when setting up direct debits, reduce associated costs and increase sales. Almost half (43%) of finance departments are spending more than four hours every month rectifying failed DD or DC transactions. Business Computing World EQUIFAX BANK ACCOUNT VERIFIER

3 What is the process? The user simply provides the name, date of birth, address, bank account number and sort code. This is then compared to the details provided by the banks themselves to see if they match. Equifax Insight Name Address Date of birth Sort code Account number Name and address match Sort code match Account number match Full or partial match results Retail bank Monthly data supply EQUIFAX BANK ACCOUNT VERIFIER

4 Where can it be used? Customers Web Equifax Bank Account Verifier Goods and services ID validation Validates the identity of the customer you are dealing with Store Account validation Call centre Payment requests Validates the account from which payments are being requested Payment credited to the verified bank account Payment processing Payment validation Validates the account to which funds are being sent EQUIFAX BANK ACCOUNT VERIFIER

5 A MARKET-LEADING SUITE OF ID AND FRAUD PRODUCTS READ MORE...

6 Equifax Progressive Authentication allows you to do business with genuine customers and screen out fraudsters. By using Equifax Progressive Authentication you can set and optimise the level of checks you require by risk and product. Structured in a way that suits your business needs, you can maintain and improve customer service levels without increasing your risk of fraud. You also get access to new ID and fraud products as they re released. Equifax Progressive Authentication Equifax Identity Verifier Equifax Bank Account Verifier Equifax Device Verifier Equifax Fraud Protector Equifax Decisions Solutions Consultancy For more information on Equifax Bank Account Verifier or the Equifax Progressive Authentication suite, please contact your Account Manager, call or us at [email protected] Equifax Limited is registered in England with Registered No Registered Office: Capital House, 25 Chapel Street, London NW1 5DS. Equifax Limited is authorised and regulated by the Financial Conduct Authority.

7 STREAMLINE YOUR ACQUISITION PROCESS READ MORE...

8 Equifax Bank Account Verifier can help you to streamline new business processes and improve your customer journey. It can help ensure that you avoid taking on fraudulent customers, accept only genuine direct debits for payment and increase profitability. Linked addresses We perform bank account checks by using current and previous address data. In addition, we can uncover previous linked addresses which may be associated with instances of fraud. This means you can verify individuals and match them to their bank account, even if they haven t notified their bank of a change in address. Visibility If a match isn t made, the returned characteristics will indicate why and how it can be rectified by identifying potential anomalies. This means, once rectified, you can continue to take payment with confidence. Granular Granular match levels that provide details on what has and hasn t been matched. This can help you make the best decision based on partial matches rather than reject those without an absolute match. For more information on Equifax Bank Account Verifier or the Equifax Progressive Authentication suite, please contact your Account Manager, call or us at [email protected] Equifax Limited is registered in England with Registered No Registered Office: Capital House, 25 Chapel Street, London NW1 5DS. Equifax Limited is authorised and regulated by the Financial Conduct Authority.

9 Equifax Bank Account Verifier is a comprehensive and versatile confirmation of a customer s identity and bank account details, helping to reduce fraud and increase sales. For more information on Equifax Bank Account Verifier or the Equifax Progressive Authentication suite, please contact your Account Manager, call or us at [email protected] Equifax Limited is registered in England with Registered No Registered Office: Capital House, 25 Chapel Street, London NW1 5DS. Equifax Limited is authorised and regulated by the Financial Conduct Authority.