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Product Overview

Bank Account Ownership Validation

Preventing fraud before payments are made

Fraudsters are unrelenting. But our bank account ownership validation feature can help you stay a step ahead. We help you stop fraudulent payments by verifying that the bank account receiving the funds actually belongs to your supplier – not to a scam artist. We give you real-time access to bank databases so you can verify bank details before a supplier profile is created or updated in your systems. The result? Zero payments are made to the wrong account.

You can access the bank account ownership validation through our smartvm web app, through our apexportal supplier information management platform, or by using our smartvm API to integrate it the capability into your existing systems.

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