Account Intelligence
What is Account Intelligence?
Socure Account Intelligence validates bank account information to answer the following questions:
- Does this bank account actually exist?
- Does it belong to the individual or business claiming it?
Account Intelligence is available in two product modules:
| Module | Description | Region support |
|---|---|---|
Account Intelligence: accountintelligence |
Quickly confirms whether a bank account is open or closed. | U.S. only |
Account Intelligence Premier: accountintelligencepremier |
Provides broader coverage and higher confidence in account-level details, powered by premium data sources. | U.S. only |
With Socure Account Intelligence, you can build fast, accurate, and seamless account validation into your workflows. The solution leverages database cross-referencing, penny-drop verification, and statistical modeling to verify bank accounts and reduce payment risk.
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Note:
The penny drop verification includes the descriptor of your company name in the company entry description field and can be amended from time to time via standard support requests:
To ensure that your customers understand how to identify these deposits, we recommend updating any of your own customer support resources to reflect these changes.
What you can do with Account Intelligence
- Confirm account existence – Validate whether a bank account is real and active
- Verify ownership – Ensure the account belongs to the individual or business claiming it
- Reduce payment risk – Detect closed, frozen, or high-risk accounts before transactions
- Streamline onboarding – Enable seamless account linking with minimal user friction
- Prevent fraud – Identify duplicate or suspicious accounts tied to benefit fraud, synthetic identities, or account misuse
- Optimize payments – Confirm account status before initiating deposits, withdrawals, or recurring charges
Unique Features
Real-time account validation
Verify bank account existence and ownership instantly to accelerate onboarding, reduce manual checks, and minimize drop-off during customer acquisition.
Fraud prevention intelligence
Detect and block fraudulent or misrepresented accounts early using multi-method verification that combines database cross-referencing, penny-drop deposits, and statistical modeling.
Risk-based scoring
Granular availabilityScore and ownershipScore values enable precise risk-based decisioning aligned with your organization’s tolerance for payment and fraud risk.
Consumer and business support
Validate both individual and business accounts with optional data inputs (SSN, EIN, phone, address) for stronger ownership confirmation across a variety of use cases.
Transaction-ready integration
Purpose-built for ACH, BNPL, subscription, and merchant onboarding workflows, ensuring reliable account validation without slowing down transactions.
Updated about 1 month ago