LSEG Risk Intelligence — Account Verification Solutions

Summary

A web page from LSEG Risk Intelligence describing its Account Verification Solutions for checking that payment details are valid, accurate and associated with the intended individual or business. It lists primary capabilities as account verification, ownership verification and fraud-risk signals, supporting onboarding, account changes and payments across US ACH and cross-border workflows. It reports "1 in 3" Fortune 100 companies as users, "$100 billion+" in transactions verified every year (source: LSEG Risk Intelligence, June 2026) and Chartis recognition in 2025 and 2026. It also says account verification can help reduce fraud risk, but no solution can eliminate fraud entirely.

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Account Verification Solutions

Trusted account verification solutions designed to support payment accuracy, fraud prevention and operational efficiency across the payments lifecycle.

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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 3 Fortune 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 Recognition Recognised by Chartis as a RiskTech Quadrant® Best of Breed provider for Enterprise Fraud Solutions and Payment Fraud Solutions in 2025 and 2026.

Learn more about our industry recognition

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).

Explore US Verification

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.

Explore Global Verification

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.

US Account Verification Solutions

Verify US consumer and business bank accounts before funds are released. US Account Verification (formerly known as GIACT) helps organisations check whether accounts are valid, open and ready to receive ACH payments, with additional capabilities to support ownership verification, fraud-risk assessment and payment decisioning. We are a Nacha Preferred Partner for Account Validation, Compliance, and Risk and Fraud prevention.

Explore US Account Verification for ACH payments Explore US Account Verification for ACH payments

Global Account Verification

Verify account details across supported markets before cross-border payments are sent. Global Account Verification helps organisations check recipient information, reduce errors and improve confidence in payment decisions where account formats, bank identifiers and validation requirements vary.

Explore Global Account Verification for cross-border payments Explore Global Account Verification for cross-border payments

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.

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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 LSEG supports account verification across US ACH and cross-border payment needs. This helps organisations apply appropriate checks across different banking systems, account formats and payment types.
- 2 Account verification can be strengthened with additional fraud and risk signals. This helps organisations identify issues such as invalid account details, potential account misuse, impersonation risk or potentially misdirected payments.
- 3 Our account verification solutions can support workflow integration through API, batch and portal-based access. This allows organisations to embed verification into payment systems, onboarding processes and fraud prevention workflows.
- 4 By applying account verification at the right point in the payment lifecycle, organisations can reduce manual checks, improve payment accuracy and make more confident decisions across US and cross-border payment flows.
- 5 LSEG Account Verification is part of LSEG Risk Intelligence, a trusted name in financial crime and fraud prevention. With our deep expertise and commitment to innovation, we provide businesses with the tools they need to safeguard their payments, mitigate risks, and transact with confidence.

FAQs

Find answers to common questions about account verification, payment accuracy and fraud-risk management across US and cross-border payment workflows.

- Account verification helps organisations check that payments are being sent to valid accounts associated with the intended recipient. It can reduce payment failures, manual reviews and fraud exposure, while helping teams make more confident payment decisions.
- Account verification checks information provided by a customer, supplier or beneficiary against authoritative account data. Depending on the solution and market, this may include checking whether an account is valid and open, whether the details match the intended party, and whether additional risk signals suggest potential fraud.
- Yes. Account verification can include account validation, account status checks, ownership or matching checks, and additional fraud-risk signals. The right level of verification depends on the payment type, the data available and the level of risk involved.
- Account verification is most valuable when bank details are collected, changed or used. Common points include onboarding a new customer, supplier or beneficiary, updating account details, and preparing higher-value or higher-risk payments.
- Yes. Account verification requirements can vary depending on the payment type, banking system, account format and data available in the receiving market. US Bank Account Verification is designed for US consumer and business bank accounts used in ACH payment workflows, while Global Account Verification supports cross-border account verification across supported markets.
- Account verification can help reduce fraud risk, but no solution can eliminate fraud entirely. By checking account details and applying relevant risk signals before payments are made, organisations can identify potential issues such as invalid accounts, misdirected payments, account misuse or impersonation risk.
- The terms are sometimes used interchangeably, but they can describe different levels of checking. Basic account validation usually confirms whether account details are correctly formatted or capable of processing payments. Account verification can go further by checking account status, matching details to the intended party and identifying potential fraud risks.

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