Overview

Socure Account Intelligence enables real‑time bank account verification by instantly checking whether an account is active and owned by the asserted user. It leverages extensive consortium and alternative data to verify non‑traditional accounts beyond legacy micro‑deposit and permission‑based methods. This reduces onboarding friction, speeds up funding or payments, and improves fraud detection and compliance with NACHA WEB Debit rules.

Features and Capabilities

• Real‑Time Account Verification: Provides instant confirmation of bank account availability and ownership to support faster onboarding and funds disbursement.
• Inclusive Coverage: Extends verification to digital banks, credit unions, and non‑traditional institutions, increasing coverage beyond legacy solutions.
• Minimal Data Requirements: Requires only basic inputs (name, routing number, account number) — no bank login credentials.
• Friction Reduction: Removes delays and drop‑offs associated with micro‑deposits or credential‑based verification for better user experience.
• Actionable Reason Codes: Returns detailed insights to help optimize onboarding decisions and automate workflows.
• API Integration: Delivered through a single API that can integrate with Socure’s broader identity and fraud platform for unified risk decisioning.
• Compliance Support: Designed to help align with industry regulatory requirements like NACHA’s WEB Debit Rule for ACH transactions.
• Operational Efficiency: Reduces manual account verification processes and operational costs.
• Value‑Based Pricing: Offers competitive pricing with pay‑for‑performance models that bill only on successful coverage.