Velera Selects Validifi For Automated Bank Account Validation For Credit Unions

(MENAFN- PR Newswire) "Velera is excited to introduce real-time account validation functionality to our clients," said Cody Banks, SVP, Product Experience & Enablement at Velera. "This solution will help eliminate manual processes and further mitigate fraud risk, enabling credit unions to deliver an enhanced member onboarding experience."

This solution will help eliminate manual processes and further mitigate fraud risk.

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"We're thrilled to partner with Velera to provide their credit unions with real-time bank account validation to better identify fraudulent accounts and reduce the risk of payment failures and ACH returns," says John Gordon, CEO of ValidiFI. "Powered by our predictive bank account and payment intelligence, Velera is helping credit unions meet Nacha Operating and WEB Debit rules, while significantly reducing the time between account setup and transaction initiation to provide a more seamless member experience."

To learn more about ValidiFI's predictive bank account and payment intelligence, visit .

About ValidiFI

ValidiFI is the leading provider of predictive bank account and payment intelligence. Leveraging the Omni Platform, ValidiFI empowers organizations and financial institutions with actionable insights to help validate bank accounts, detect fraud, and assess credit risk. By analyzing the intricate connections between bank accounts, consumers, and payment performance, ValidiFI offers a more comprehensive view. ValidiFI serves as a trusted partner, unlocking the power of predictive bank account and payment intelligence through credentialed and non-credentialed solutions, enabling more confident transactions. For more information, visit validifi .

About Velera

Velera is the nation's premier payments credit union service organization (CUSO) and an integrated financial technology solutions provider. With over four decades of industry experience and a commitment to service excellence and innovation, the company serves more than 4,000 financial institutions throughout North America, operating with velocity to help its clients keep pace with the rapid momentum of change and fuel growth in the new era of financial services. Velera leverages its expertise and resources on behalf of credit unions and their members, offering an end-to-end product portfolio that includes payment processing, fraud and risk management, data and analytics, digital banking, instant payments, strategic consulting, collections, ATM and POS networks, shared branching and 24/7/365-member support via its contact centers. For more information, visit velera .

SOURCE ValidiFI

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