Build stronger payment controls with trusted account verification
Account verification helps organisations check that payment details are valid, accurate and associated with the intended individual or business. It gives teams a clearer basis for acting at critical moments – when a relationship is created, account details change or a payment is prepared.
As payment workflows become faster and more international, point-in-time checks and manual reviews can leave gaps. LSEG Risk Intelligence helps organisations apply account verification alongside complementary fraud and identity controls, to payment workflows around the world, supporting accuracy, fraud-risk management and operational efficiency, whether payments are made within one market or across borders.
At a glance:
- What is LSEG Account Verification? Trusted bank account verification solutions that help organisations check whether payment details are valid, accurate and associated with the intended individual or business.
- Primary capabilities: Account verification, ownership verification and fraud-risk signals.
- Supports: Payment accuracy, fraud-risk management and operational efficiency during onboarding, account changes and payments and disbursements, across US ACH and cross-border payment workflows.
Scale, Reach and Recognition
-
1 in 3Fortune 100 companies trust us for account and identity verification. Source: LSEG Risk Intelligence, June 2026
-
$100 billion+Transactions verified every year. Source: LSEG Risk Intelligence, June 2026
-
Industry RecognitionRecognised by Chartis as a RiskTech Quadrant® Best of Breed provider for Enterprise Fraud Solutions and Payment Fraud Solutions in 2025 and 2026.
Strengthen US payment verification strategy
Find out more about reducing payment fraud risk, improving accuracy and supporting compliance with US Account Verification Solutions (previously known as GIACT).
Why Verify
Why payment workflows need account verification
Account details sit at the point where onboarding, fraud prevention and payment operations meet. If those details are incorrect, out of date or associated with the wrong person or entity, the result can be failed payments, manual review, operational delays or fraud exposure.
Account verification provides a consistent way to check payment information before it is relied on. It helps organisations reduce errors, strengthen fraud processes and make more confident decisions across different payment markets and workflows.
As payment systems become faster, the window to identify a problem is narrowing. Organisations need verification controls that work inside live payment and onboarding processes, rather than relying only on historic data, manual checks or one-time reviews.
Verify account details for cross-border payments
Global Account Verification helps organisations check international account details before cross-border payments are sent, reducing errors, operational delays and exposure to misdirected payments.
WHAT VERIFICATION MEANS
What account verification really checks
Not all account checks are designed to answer the same question. The right level of verification depends on the risk in the workflow and the decision an organisation needs to make.
Account validation
Typically checks whether account details are correctly formatted and capable of processing a payment. This can help reduce failed payments, but it may not be enough when organisations also need to understand whether an account is active, belongs to the intended party or presents fraud risk.
Account verification
Goes further than validation by checking account information against trusted data sources. Depending on the solution and market, this can help confirm account status, match details to the intended individual or business, and flag risk signals that may need review.
Ownership verification
Focuses on the relationship between the account and the person or business using it. This matters because fraud can involve valid accounts that do not belong to the intended recipient, including mule accounts, compromised accounts or accounts controlled through social engineering.
Identity verification
Plays a related role. While account verification assesses whether the payment account can be trusted for the transaction, identity verification checks whether a person or business is genuine. Used together, they can help organisations establish trust at onboarding and maintain it when payment details change or transactions are prepared.
Account verification can also support broader payment-verification and financial crime controls. It does not replace sanctions screening, anti-money laundering checks or payment authorisation controls. It can, however, provide an important account-level signal within a wider risk-management process.
KEY MOMENTS
When account verification matters most
Account verification is most useful when payment details are first collected, changed or used. These are the key points where inaccurate information, outdated records or fraud risks can enter a payment workflow.
Onboarding
When a new customer, supplier, vendor or beneficiary is added, organisations need confidence that the account details provided are accurate and usable. Account verification helps establish that payment information can be relied on before the relationship progresses.
Account changes
Changes to bank account details can create operational and fraud risk. Verifying updated information helps organisations check whether new details are valid and associated with the intended individual or business before they are accepted.
Payments and disbursements
Before a payment is released, account verification can provide a final check that details are accurate and suitable for the transaction. This can help reduce failed payments, manual intervention and exposure to misdirected funds.
Cross-border payments
Cross-border payments can involve different account formats, bank identifiers, payment schemes and validation requirements. Account verification can help organisations check recipient details before funds are sent, reducing errors and improving confidence in international payment decisions.
MARKET REQUIREMENTS
How account verification requirements vary by market
There is no single account verification approach. The right method depends on the payment type, the information available and – most importantly – the requirements of the banking system where the payment will be received.
For US ACH payment workflows, organisations often need to check whether a consumer or business account is valid, open and ready to receive ACH payments. They may also need to confirm that the account is associated with the intended individual or business, apply fraud intelligence and use response codes to support automated payment decisions.
Cross-border payments create different verification challenges. Account formats, bank identifiers, data availability and matching requirements can vary significantly between markets. Some payments may rely on IBANs, while others use local account numbers, bank codes or other identifiers. This makes format validation, account-detail matching and market-specific verification important before funds are sent.
Ownership can also vary by market and use case. In some workflows, organisations may need to confirm the relationship between an account and a named individual or business. In others, the most important check may be whether the account details are correctly structured, recognised by the receiving bank and suitable for the payment being made.
LSEG Risk Intelligence supports these needs through account verification capabilities designed for different banking systems, from US ACH payment workflows to cross-border account verification across supported markets. We also offer complementary capabilities in selected markets, such as identity verification and additional fraud-risk signals, to help organisations strengthen controls across the payment lifecycle.
KEY SOLUTIONS
Explore LSEG Account Verification
Different payment environments require different verification capabilities. LSEG Risk Intelligence helps organisations verify account details across US ACH and cross-border payment flows, with solutions designed for distinct banking systems, account formats and risk requirements.
Account verification in practice
Organisations use account verification to support different payment and fraud-prevention needs, from onboarding and account changes to pre-payment checks. Payment processors can verify account ownership before disbursing funds, financial institutions can support faster fraud investigations, and lenders and insurers can reduce manual review during onboarding and funding workflows.
WHY LSEG
Why choose LSEG Risk Intelligence for account verification
Effective account verification depends on more than checking whether account details are correctly formatted. Organisations need reliable data, risk insight and integration options that allow verification to support real payment decisions.
-
1
-
2
-
3
-
4
-
5
FAQs
Find answers to common questions about account verification, payment accuracy and fraud-risk management across US and cross-border payment workflows.