Patented process lets Accelitas instantly identify invalid bank routing and account numbers to dramatically reduce costs associated with ACH transactions.
Anyone who relies on bank account validation for ACH transactions knows how crucial they are for reducing payment risk and fraud that lead to costly returns.
But consider all those R03 & R04 anomalies. The administrative glitches and “fat finger” errors from people manually entering routing and account numbers make up a significant percentage of Nacha return codes.
How much time and money are those costing you?
Accelitas takes validation Beyond Compliance
In recent years, the Bank Account Validation (BAV) conversation has evolved. It is no longer a compliance conversation alone, but a multi-layered strategy to meet a wide variety of use cases and business needs.
Fact is, most companies are leveraging multiple APIs to create a best-in-class workflow that ensures all consumers who want to pay by bank can do so without needless friction.
Whether ACH on-boarding, pre or post-consortium, pre-micro deposit challenge, or simply offering an alternative to OLB to cover all consumers, Accelitas technology is putting businesses a step ahead.
A solution no other service can provide
Enlisting proprietary technology pioneered by Accelitas Data Scientists, Ai Validate Bank Data automatically identifies and filters out non-working routing and account number combinations, eliminating these plentiful R03 and R04s anomalies at the beginning of the validation process to significantly reduce downstream costs.
Score Rate: 100% of all US accounts
Patented Solution: Targets to eliminate R03 and R04
Real-Time Validation: In milliseconds
Flexible Scoring: Binary
Quick Code: Rest API
Secure: SOC 2 Compliant SaaS API platform
In addition to Ai Validate Bank Data, Accelitas offers Ai Validate BAV, which adds unique data sources tuned for higher value/higher risk ACH transactions, and Ai Validate BAV | FCRA, providing real-time consumer behavioral data that can be used for Adverse Action purposes.
To learn more, or to take Ai Validate BD for a free test drive, contact sales@accelitas.com or 415-842-7715.
Accelitas is a Nacha Preferred Partner
