LSEG
Preferred Partner for Account Validation/Compliance/Risk and Fraud Prevention
LSEG Risk Intelligence provides a suite of solutions to help organizations efficiently navigate risks, avoid reputational damage, reduce fraud and ensure legal and regulatory compliance around the globe.
With LSEG Account Verification (previously GIACT), you can verify bank accounts and their owners quickly and seamlessly – and transact with confidence. Leverage our full suite of payments and identity verification solutions – available via a single API – to mitigate risk, prevent fraud, verify payments, and ensure the legitimacy of customer identities in real-time across the full customer lifecycle. Operate more efficiently, more effectively and more confidently.
Description of how LSEG Risk Intelligence advances the ACH Network:
- Enhanced Security and Fraud Prevention: LSEG Risk Intelligence identity verification and fraud prevention solutions help financial institutions and businesses reduce the risk of fraudulent ACH transactions. By ensuring that ACH payments are initiated by legitimate account holders, LSEG Risk Intelligence's services contribute to the network's overall security.
- Compliance Support: LSEG Risk Intelligence assists organizations in maintaining compliance with regulatory requirements related to ACH transactions. This includes identity verification processes that help meet the customer due diligence (CDD) and anti-money laundering (AML) requirements, which are essential for ACH transactions.
- Reduced Unauthorized Transactions: By validating the identities of individuals initiating ACH transactions, LSEG Risk Intelligence's solutions can help prevent unauthorized or fraudulent ACH transactions, reducing the incidence of unauthorized debits and credits within the network.
- Improved Customer Experience: Identity verification solutions offered by LSEG Risk Intelligence help streamline onboarding processes for businesses and financial institutions. This results in a smoother experience for customers, making it easier for them to initiate and receive ACH payments.
To learn more about LSEG, visit LSEG Risk Intelligence - Protecting ACH Payments.
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