Agile Payments Blog

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Real Time Checking Account Owner Authentication Service

Jul 18, 2018 3:56:37 PM

Real Time Account Owner Authentication Service: Moving Beyond Check Verification Services

Real Time Account Owner Authentication Service (AOA) provides businesses with an unparalleled fraud mitigation tool that grants real-time insight on the person or business whose check payment you want to accept or enroll in a recurring billing plan.


While Check Verification Services can verify that a person’s account exists and has funds in it, a Real Time AOA service is the only service that matches and validates important data elements such as DOB, phone numbers, driver's license numbers, etc. against records held at the customer’s Financial Institution.

Imagine a data entry error occuring during the customer’s onboarding stage. After the error is discovered the customer must be contacted, usually multiple times. Unfortunately the typical success rate of contacting the customer and extracting the necessary information is around 5%, leading to additional admin costs and friction points for one’s customer. Failure to gain proper checking account information will lead to lost clients.

As a business that accepts electronic or paper checks, or enrolls customers for recurring ACH Payment debits you must move beyond the “account is open and in good standing” check verification service, This headache can be easily avoided by employing a Checking Account Owner Authentication Service.

For a small one-time fee your business can significantly reduce the risk, added admin work time and improve customer experience. Costs range from .80-$1.25 with higher volume clients getting custom quotes.

Benefits include:

  • Reduce unauthorized access to customer accounts
  • Eliminate the need for account-owner login credentials
  • Improve customer experience and reduce abandonment rates
  • Reduce unauthorized and administrative ACH and check returns
  • Reduce Account Take-over risks

Contact AgilePayments now to learn more about Checking Account Owner Authentication Service



Coleman Akey
Written by Coleman Akey

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