Given today’s changing rules and economic uncertainty, the need for robust, pre-transaction account validation and risk modeling is more important than ever. However, most companies don’t measure Bank Account Validation (BAV) at all, leaving themselves unaware of risk management outcomes, return on investment, and opportunities for business growth.
Through an expanded relationship with Fiserv, a leading global provider of payments and financial services technology solutions, Accelitas is augmenting its existing BAV solutions with real-time data, creating next generation Bank Account Validation services designed to drive more growth for businesses and create less friction for consumers.
“In today’s complex payments landscape, businesses are faced with solving for risk factors that go beyond compliance,” explains Kelly Zelenski, SVP Strategy and Business Development at Accelitas. “They need to ask hard questions of their BAV provider. What’s your real coverage? How do you measure performance? What tools do you have to improve performance over time? How adaptive is your solution to business or market changes? Accelitas is well equipped to answer these questions.”
Accelitas is a Nacha Preferred Partner for Bank Account Validation, bringing predictive analytics expertise to create custom-tailored solutions for today’s businesses. Fiserv provides Accelitas with real-time data from its check and ACH acceptance and processing business, which helps hundreds of thousands of U.S. businesses validate checks and enables industry leading digital ACH and pay-by-bank payments.
“Technology powered by timely and detailed data will lead to better informed decisions,” said Charles Williams, VP and GM of Alternative Payments at Fiserv. “Real-time transactional data helps Accelitas lower risk for their clients through stronger points of validation, and also streamlines end user experiences via faster decisioning.”