Risk Intelligence

Global Account Verification

A powerful solution designed to combat Authorised Push Payment fraud and facilitate secure, seamless cross-border payments in real-time, helping protect your business and your customers all around the world.

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  1. Overview
  2. Features and Benefits
  3. How it works
  4. Insights
  5. Related Products
  6. FAQs
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Unlock the power of cross-border payment security

The demand for efficient, secure, and cost-effective international transactions has never been higher. Whether you’re a business expanding into new markets, a multinational corporation managing complex supply chains, or a fintech serving end users —securing cross-border payments is essential for driving growth and success.

At the same time, the consumer-to-consumer payments landscape is undergoing a rapid transformation, driven by factors such as e-commerce growth and the rise of mobile wallets. Consumers are increasingly demanding faster, more seamless payment experiences. As real-time and instant payment channels grow in popularity, businesses also seek quicker decisioning and more streamlined interfaces.

As the world of digital payments evolves, so do fraudsters. One particularly concerning trend is the rise of global Authorised Push Payment (APP) fraud, which occurs when consumers or entities are tricked into sending funds to a bank account controlled by a fraudster. APP scams are typically fuelled by social engineering attacks involving impersonation. Advanced AI techniques are further enabling bad actors to operate at a broader scale and with greater sophistication, making unscrupulous activity harder to detect and prevent.

Global Account Verification offers a powerful tool to combat these threats, as well as counter additional hurdles associated with cross-border payments, including high costs and compliance challenges. Our real-time solution – available via API and web portal – enables you to verify both individual and business accounts, validate ownership, and identify potential fraud risks, so you can enhance security, improve operational efficiency, and deliver seamless cross-border payment experiences.​

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Key figures

  • $331bn
    Projected losses to global APP fraud by 2027, based on proprietary analysis​
  • $48.24tn
    Approx. AUM of banks covered by Global Account Verification at 1 Feb 2025
  • 80% of G20 countries
    Will be covered by Global Account Verification, countries are being added in phases

Features and benefits

The need for a comprehensive solution

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Enhanced security

Protect your business from financial losses and reputational damage.

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Operational efficiency

Streamline your cross-border payment process and reduce manual errors faster.

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Global coverage

Our extensive network of data sources enables instant verification of key bank account details globally.

Easy integration

Integrate seamlessly with your existing payment systems.

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Advanced technology

We leverage cutting-edge technology to deliver fast, accurate, and reliable results.

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Reduced risk

Mitigate the risk of fraudulent transactions and compliance violations.

How it works

How protected are your customers against global APP fraud?

Defeating APP fraud: How to ensure going global brings rewards, not risks

Our white paper explores the risks of authorised push payment (APP) fraud in cross-border payments, delivering key insights for payments and finance professionals

Read more

Insights

APP Fraud: A growing global crisis in payments

Authorised Push Payments (APP) scams, where a fraudster convinces a victim to authorise a payment under false pretences, represent a serious and growing threat to cross-border payments. What steps are governments taking to combat global APP fraud and what steps can organisations take to protect themselves?
Find out more

B2B payment fraud across the customer lifecycle

Nearly two-thirds of US companies experienced payment fraud in the last year. Our exclusive report drills down into the key findings from our sponsored survey, which questioned 82 senior-level treasury and finance professionals to better understand the nature and frequency of payment fraud attempts.
Find out more

Can’t hide their habits: Preventing Account Takeover and Synthetic Identity theft by analysing fraudster behaviour

As AI continues its relentless advance, fraudsters are deploying ever-more sophisticated tactics to fleece individuals and businesses of significant sums of money. Developments in generating deepfake ID documents, voice prints, and even selfies, are catching all types of businesses off guard, including the largest financial institutions.
Find out more

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Related products

Account verification solutions

Efficient, streamlined bank account verification that empowers you to safeguard payments, mitigate fraud, and transact with confidence. USA Only. Formerly known as GIACT.

Instant Payments

Seamless instant payment screening with LSEG's risk intelligence data. Stay AML compliant and identify potential risks in instant payments.

FAQs

  • Global account verification is the process of confirming the validity and ownership of bank accounts held in different countries. It ensures that account details are correct and linked to the right individual or business, supporting regulatory compliance and reducing the risk of cross-border payment fraud.

  • International account verification is critical for preventing fraud, ensuring payment accuracy, and meeting global KYC, AML, and payment regulations. It helps organisations validate third-party account ownership, particularly when operating across multiple jurisdictions and banking systems.

  • LSEG’s solution provides real-time account verification and ownership checks across a wide range of jurisdictions. It enables businesses to validate that bank accounts are active, correctly named, and match verified identity records—helping prevent fraud and ensure secure payments worldwide.

  • LSEG enables cross-border compliance through a combination of accurate account verification, identity matching, and integration with global compliance frameworks. This supports organisations in meeting local and international regulatory standards, including KYC and anti-money laundering (AML) obligations.

  • Yes. LSEG has access to a wide global network of account and identity verification sources, allowing it to confirm account ownership in a variety of jurisdictions. This is especially valuable for multinational corporations, financial services, fintechs, payment service providers, and marketplaces operating across borders.

  • Multinational corporations, financial services, fintechs, digital wallets, payment processors, government agencies, insurers, and multinational corporates all benefit from LSEG’s global account verification solution. It is particularly suited for organisations handling international transactions or onboarding foreign entities.

  • Yes. The solution is designed for high-throughput use cases such as bulk payments, mass customer onboarding, and real-time transaction processing. LSEG offers robust infrastructure, scalable APIs, and consistent performance across regions and volumes.

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