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Securing Faster Payments: Modernizing Account Validation

Securing Faster Payments: Modernizing Account ValidationPublication Type:
White Paper

Published / Updated:

In 2018 alone, ACH network volume reached nearly 23 billion payments – approximately 70 payments per person in the U.S. In the 12 months ending February 2019, payment volume across the ACH network increased 7.2%, reaching over 100 million ACH payments per banking day, a first for the ACH network. Account Validation capabilities have not kept pace with the growth of faster payments.

This paper explores the strengths and weaknesses of the most commonly used Account Validation solutions available and makes recommendations for payment originators looking to bolster their validation practices. It also explores the specific requirements of NACHA with respect to Account Validation and the upcoming changes to NACHA rules that take effect in March, 2020.


  • Analysis of the upcoming NACHA rule change regarding Account Validation for WEB debits
  • Weaknesses of current commonly-used Account Validation methods
  • Best practices in Account Validation


GIACT helps companies, from financial to insurance, verify valued customers and offer customer intelligence for complete payment confidence. The leader in providing real-time data to help mitigate payment risk and fraud, our OFAC screening, ID, mobile and account verification/authentication solutions enable you to focus on customer experience.

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