Alacriti has launched its Orbipay Bank Account Validation & Verification Service, a unified platform designed to strengthen the security of bank account-based payments and simplify compliance for businesses and financial institutions.
The launch of Orbipay BVV comes as clients face growing challenges in maintaining Nacha compliance for Web Debits and protecting against payment fraud. Traditional account validation and verification methods—such as manual checks, challenge deposits, and ACH Prenotes—are often inefficient, costly, and negatively affect the customer experience. Alacriti’s new solution aims to resolve these pain points by consolidating critical account security features into one streamlined service.
Founded to modernise digital payments, Alacriti provides financial institutions and enterprises with cloud-based payment and money movement solutions. Its technology enables clients to process transactions efficiently, meet regulatory standards, and deliver seamless digital payment experiences across multiple channels.
The Orbipay BVV Service offers two key real-time options—Bank Account Validation (BVA) and Bank Account Verification (BVE). BVA ensures compliance with Nacha’s web debit rule by validating accounts and identifying those with adverse histories. BVE, meanwhile, confirms account ownership, a critical step in preventing payments fraud. BVE delivers instant verification using Open Banking APIs and challenge deposits, achieving ~95% coverage of US bank accounts.
Beyond compliance, Orbipay BVV allows organisations to build a risk management strategy tailored to their specific needs. Clients can set their own business rules and risk thresholds to trigger verification or validation as required. The solution is available both as a standalone product and as a value-added service within Alacriti’s broader payments ecosystem, helping users reduce ACH return rates by up to 20% and improve customer experience.
Alacriti SVP of product management Stuart Bain said, “The expectation for ‘instant everything’ in the digital world requires payment processes to be fast, frictionless, and secure. The Orbipay BVV service is built to eliminate payment friction and risk at the source. By offering both compliance-driven validation and advanced, instant verification within a single, configurable platform, we are empowering our clients to accelerate growth, reduce ACH return rates by up to 20%, and improve their customers’ experience across all payment channels.”
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