REDUCE FRAUD WITH ACCOUNT OWNERSHIP AUTHENTICATION
Instantly verify bank account ownership in real-time with the Account Ownership Authentication (AOA) tool from Lyons Commercial Data. Easily validate checking and savings account ownership authentication (AOA) in your system. This new innovation in fraud prevention uses a secure Web services API to integrate Account Ownership Authentication. Identify invalid bank account numbers, closed accounts, or mismatches between account holders.
The AOA tool can instantly identify whether or not an individual or business is authorized to transact on an account. Being able to quickly identify risky customers, unauthorized payments, or mistyped direct deposits can save your company time and money.
Benefits of Account Ownership Authentication
Account Ownership Authentication is a fast tool that provides instant account ownership verification at a low cost.
Account Ownership Authentication is available using Web Services/ API. The AOA tool works in your companies system using Web Services/ API. Checking or saving account and business or customer name are required to validate account ownership. Additional supporting information is added to return an exact match. Additional information that can be used in identifying AOA include SSN, address, and valid ID. Valid identification can include USA drivers license, passport, resident alien ID, or see list of supporting AOA ID types.