Know Your Customer to Prevent Online Fraud

Prevent online fraud during Direct Debit and Direct Credit transactions with our suite of KYC checks and Fraud Detection AI.

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Identify potential fraud risks
Verify identity of customers
Demonstrate due diligence to your customers
Maximise data quality

BankVal Enhanced is a ‘Know Your Customer’ application. Use BankVal to improve the quality of the payments data that you gather online and to prevent fraud.

Eliminate errors in payments data at the point of entry to your organisation, ensuring that Direct Debits and payments work as they should, saving you time and money.

The importance of Know Your Customer checks

Use the following Know Your Customer checks :-

Bank Sort Code and Account number validation. Check your bank details at point of data capture to ensure payments work first time.<more>

Fraud Detection. Spot suspicious transactions in real time using AI based behavioural analysis. <more>

Address Verification. Be sure your customer address is genuine <more>

Email Validation. Prevent fraudulent customer sign ups and bounced emails <more>

Card Validation. Avoid fraud by validating and verifying card details. <more>