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What is VerifyNow?

Leverage VerifyNow by Fiserv to accurately identify and authenticate account holders while simultaneously checking account statuses in real-time via API interactions. The collaboration with third-party partners, combined with our extensive expertise in banking, merchant services, and card processing, significantly improves accuracy and reduces the likelihood of fraud. Fiserv simplifies the authentication process by verifying that the account in question truly belongs to the person initiating an ACH transfer. By integrating Early Warning Services, VerifyNow allows for instant verification, greatly increasing success rates while working unobtrusively in the background. Crucially, customer data is never shared or sold to outside parties, and any information related to a deleted user ID is permanently erased, retaining only what is necessary for compliance with regulations. Furthermore, you can tap into a wide array of third-party data sources to meet your Know Your Customer (KYC) requirements and proactively verify account status, thereby creating a secure and trustworthy financial atmosphere for your clients. This all-encompassing strategy not only builds confidence but also significantly improves the user experience. Ultimately, the combination of these features ensures a seamless and secure interaction for all users involved.

What is DecisionLogic?

Our platform allows for the instantaneous verification of a borrower's identity, banking information, and account balance. In addition, it provides access to a detailed bank transaction history for up to one year, bolstered by advanced analytics. This streamlined and automated process enables you to make quick and accurate decisions that are essential for the success of your business. Our advanced identity verification system examines critical personal information while identifying key risk factors. By leveraging proprietary scoring methods and data categorization, we rapidly reveal significant patterns, utilizing a wealth of income and expense guidelines organized into straightforward, actionable categories. We are dedicated to delivering outstanding support to both you and your clients, instilling confidence in every analyzed bank statement. Furthermore, our distinctive payroll and income scoring, derived from all accessible account data, supplies you with prompt insights into your consumer's financial flow. This comprehensive strategy not only helps you maintain a competitive edge but also empowers you to make well-informed lending decisions in a rapidly evolving market. In this way, you can foster stronger relationships with your clients while enhancing your overall service offerings.

Media

Media

Integrations Supported

Totality

Integrations Supported

Totality

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Fiserv

Date Founded

1984

Company Location

United States

Company Website

www.fiserv.com/en/solutions/data-aggregation/verifynow.html

Company Facts

Organization Name

DecisionLogic

Date Founded

2005

Company Location

United States

Company Website

www.decisionlogic.com

Categories and Features

Categories and Features

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