Merchant Boost | Merchant Boost Launches Bank Account Verification Service Suite
Merchant Boost is the live data solution provider equipping financial service companies with solutions that fill the gap between historical, real-time and live data information, to improve marketing, underwriting, and collections. We are transforming fintech with innovative payment instrument data and solutions, increasing credit access to the financially underserved, and reducing processing fees for borrowers and creditors.
Consumer lending, underwriting, payments, processing, financial technology, payment instrument
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Merchant Boost Launches Bank Account Verification Service Suite

Merchant Boost Launches Bank Account Verification Service Suite

March 27, 2018 – Merchant Boost, the live data solution provider, has launched Bank Account Verification
(BAV), a comprehensive service suite that addresses all aspects of verification associated with consumer
bank accounts. This suite is designed to combat fraud, ensure compliance and improve lenders’ overall
business performance.

Merchant Boost’s BAV solution is the only suite offered by a single vendor, that can impact the challenges
that lenders face with consumer bank account information, ID, fraud and compliance. The innovative suite
is made up of non-credentialed services that can be combined and configured according to the lender’s
needs, based on the following components: Ownership, Balance, Funds and Status. Together, these
services can establish consumer account ownership, validate consumer risk, determine funds availability
and the overall risk of the bank account.

The BAV suite is vital to the lending industry because it provides critical information on a consumer’s
bank account. If a bank account is not valid, does not belong to the person applying for a loan, or is
known to have negative characteristics, then the lender’s operations and overall business performance
are impacted. This suite is one of many solutions Merchan tBoost offers to help lender’s make better
decisions on their borrowers, providing them with the key information they need to know their prospective
customer’s.

“We’ve always been about providing innovative and game changing solutions at Merchant Boost. By
putting the power of bank information into businesses, the BAV suite of services has the ability to be a
groundbreaking technology for fintech and the lending industry,” said Merchant Boost COO Jesse Berger.

Merchant Boost has long provided cutting-edge solutions integrating payments and data. BAV fuses data
from multiple sources to provide the widest coverage of information on consumer bank accounts. The
integrated advanced analytics and scoring technology of this solution, allows it to be used throughout the
lead acquisition, marketing, underwriting and repayments processes. Furthermore, it can be utilized for
payment processing issues, especially where a business is experiencing return rates beyond NACHA
limits.

About Merchant Boost

Merchant Boost is the live data solution provider, we equip financial service companies with solutions that
fill the gap between historical, real-time and live data information to improve their marketing, underwriting,
and collections.

For more information please email info@merchantboost.com.