BEST-IN-CLASS Capabilities

Positive Account Validation

Automatically validate consumer bank account information to reduce errors and risk with Positive Account Validation from Fiserv.

KEY FEATURES

Automated verification

Get a clean posting file quickly with fast, reliable automation.
Check verification

Automatically confirm account information to reduce errors and deliver a clean posting file.
Mis-post mitigation

Leverage imaging technology to repair any mis-keyed account information, ensuring it does not become a mis-post on the core.
Cost-effective risk mitigation

Take advantage of an easy-to-implement solution that can reduce overall risk to your institution.

Reduce resource needs and expedite check processing with automated tools.

Improve operational efficiency while saving time researching unposted items.

Decrease overall risk to financial institutions and help meet compliance expectations.

Help reduce losses due to potential fraudulent check activity.

How Positive Account Validation Works

An extract of on-us account files is taken from the core system
Inclearing files from the Federal Reserve, Fiserv Clearing Network and correspondent banks are matched with the extracted files to ensure accuracy
Any inclearing or on-us over-the-counter items identified with mis-keyed account numbers are repaired to avoid a mis-post on the core
If a file match is not found, the operator is alerted for further action including item research, correction and posting