400+ customers targeted by 0 successful fraud events
The largest coverage of international bank accounts on the market
No more manual callbacks, vendor controls are automated
Calls, counter-calls, emails: manual vendor account validations performed by financial teams are vulnerable to fraudulent transactions. Manual, time-consuming, and highly fallible, a single control takes over 30 minutes on average. With Trustpair’s services:
Verifying account ownership internationally is not a simple task for Finance teams. Many tools only allow domestic validations. With Trustpair, access automated instant account validations worldwide and guarantee international vendor data quality and legitimacy.
Verifying account ownership isn’t just about payment fraud prevention. It helps businesses meet domestic and international standards, avoid penalties, and secure transactions. Account validation enables organizations to comply with key regulations, including:
NACHA (WEB Debit Account Validation Rule):
Requires businesses to validate routing and account numbers for ACH payments made online – ensuring the account is legitimate before transactions.
Anti-Money Laundering (AML) Regulations:
Verifying account ownership supports Know Your Customer (KYC) and Know Your Business (KYB) obligations, helping to prevent the use of fraudulent or misrepresented accounts.
International Frameworks (e.g., FATF, PSD2):
For multinational businesses, account validation also supports compliance with international best practices for secure cross-border payments and AML requirements.
Browse through our different sections and find the answer to your question.
The best strategies for account validation combine compliance, consistency, and strong due diligence. Companies should align with financial regulations, standardize their internal processes, and use tools for automated account validation.
Comply with regulations
Frameworks like Nacha (for ACH payments), KYC (Know Your Customer), and AML (Anti-Money Laundering) set clear standards for safe account validation. Following these rules helps prevent payment fraud, money laundering, and terrorism financing. It also protects customer data and builds trust with partners.
Standardize your processes
Account validation is most effective when it’s consistent. Standardization reduces manual errors and ensures controls are applied throughout the vendor lifecycle. Best practices include:
Apply clear checks for new suppliers
Validate bank accounts regularly
Keep an audit trail for regulatory requirements
Do your due diligence
Account validation should go beyond compliance. It’s a fraud prevention tool that confirms account ownership and detects identity fraud before payments are made. Enhanced due diligence is possible with automated solutions like Trustpair, which runs systematic, real-time checks and continuously monitors vendor data to flag suspicious changes.
Validating routing numbers confirms the bank and branch, but not the account ownership. On its own, it cannot prevent fraud.
Full account validation is needed to confirm account information and verify legitimacy through an identity verification process. Without this, businesses risk payment failures, identity fraud, and gaps in regulatory compliance.
Many companies now use automated account validation tools, like Trustpair, to check bank accounts in real time. This approach strengthens fraud prevention and ensures every transaction is accurate and secure.
Not validating account information exposes companies to legal, operational, and fraud risks. Without proper checks, organizations face compliance breaches, payment failures, and exposure to identity fraud.
Legal Risks:
Failing to verify accounts can lead to non-compliance with US laws such as Nacha, KYC, AML, and SOX. This may result in corporate fines and legal issues during audits, especially for publicly traded companies.
Operational Risks:
Without account verification, businesses face increased chances of errors in banking details and transactions. These mistakes can damage supplier relationships and often result in irreversible fund transfers.
Fraud Risks:
Lack of account validation exposes businesses to various fraud schemes. Common techniques include vendor fraud, phishing attacks, and CEO impersonation. Scammers may use spoofing, false invoices, or network hacking to commit fraud.
Instant account verification lets companies confirm bank accounts and account ownership in real time. It removes delays from manual verification, reduces errors, and helps organizations comply with financial regulations. Trustpair offers an ultimate solution to secure the vendor onboarding process through its automated account validation system.
The biggest benefit is stronger fraud prevention. By leveraging Trustpair’s comprehensive banking data sources and smart algorithms, companies can instantly verify vendor bank account details across 200+ countries. This automated validation not only saves time but also eliminates human error, ensuring that every new vendor is thoroughly vetted before being added to the system.
Key benefits include:
With Trustpair, organizations can confidently establish secure vendor relationships from the start, minimizing the risk of fraudulent activities throughout the entire business relationship.
Automated account validation reduces fraud by checking bank accounts and account ownership in real time. It ensures that account details are genuine before any payments are processed.
Key ways it prevents fraud include:
Many organizations use solutions such as Trustpair to automate these checks and keep vendor data secure.
Relying on manual bank account validation creates serious challenges. It slows down processes, increases human error, and leaves room for fraud.
Key risks include:
Many organizations use solutions such as Trustpair to automate these checks and keep vendor data secure.
Explore how our solutions have empowered businesses like yours to fortify against fraud and build a resilient financial ecosystem.
"Trustpair gives us more reliability and peace of mind. The financial director is more serene when it comes to approving the transfer order."
"With Trustpair’s verification methodology, it's no longer just a consistency check but an exact confirmation of the validity of the third party: there is no longer any risk."
"With Trustpair, we are able to automatically and quickly monitor our third parties and ensure the security of that very data over the long term."
“I would definitely recommend Trustpair to finance departments. It makes adding and modifying beneficiaries more reliable, without resorting to manual processes that are cumbersome, time-consuming and fallible.”
“The control process is simplified with the Trustpair solution, the Finance Department is reassured and, above all, it no longer needs to waste time performing manual checks to verify a supplier's bank details.”
"Trustpair adapts very well to the specifics of our market and our way of working. Several features are developed as we work together. That's a real plus."
"Trustpair has become more than a reflex; it has become an obligation. The team no longer validates an IBAN unless Trustpair has confirmed it to us."
Thanks to Trustpair, we’ve made a significant shift in our security processes and filled the gaps we needed to fill. Trustpair has proved to be a committed and trustful partner and we’ve appreciated the support and transparency.
We’ve gone from manual and time-consuming fraud controls to automated bank account validation done directly in SAP. The workload has been drastically reduced and payment security is now guaranteed.
Download our latest Ebook to uncover how AI is reshaping fraud—and how to fight back
Download our latest Ebook to uncover how AI is reshaping fraud—and how to fight back