Real-Time, Fraud-Aware Verification for Secure Cross-Border Transactions
In an era where instant payments and secure transactions are paramount, how can organizations ensure they meet both consumer expectations and regulatory demands? Socure, the AI-native platform for global identity and risk decisioning, is addressing this challenge head-on. With the expansion of its market-leading Bank Account Verification capabilities to 30+ countries outside the United States and Canada, Socure is setting a new benchmark for end-to-end bank account verification.
Key Insights at a Glance
- International Coverage: Socure now verifies bank accounts across 30+ countries, enabling secure cross-border payments and global payroll.
- Real-Time Verification: The solution delivers comprehensive, real-time verification without requiring user logins or micro-deposits.
- Fraud Intelligence: Integrated fraud intelligence helps reduce payment failures and prevent misdirected funds.
- Regulatory Compliance: Socure’s solution meets evolving regulatory expectations, including Nacha’s updated ACH rules.
The Challenge of Outdated Verification Methods
Many account validation solutions still rely on user-permissioned logins or manual micro-deposits, which introduce friction and only confirm whether an account is open and able to receive funds. These methods do not determine whether the account is truly associated with the intended recipient or whether it presents a fraud risk. As regulators and risk teams demand stronger fraud controls, simply verifying that an account exists is no longer enough. Institutions must validate ownership and assess fraud risk before funds move. This gap in verification methods poses significant risks, including increased ACH returns and dispute-driven losses.
Why the Window for Action Is Closing Fast
Just as a ship must navigate through turbulent waters to reach its destination, Socure must navigate the evolving landscape of financial regulations and consumer expectations. Nacha’s updated ACH rules, effective as of March 20, 2026, expand fraud monitoring expectations across the network and require risk-based processes designed to identify unauthorized transactions and those initiated under false pretenses. In this environment, organizations must act swiftly to implement comprehensive verification solutions that meet these new standards. The clock is ticking, and the consequences of inaction could be severe.
Socure Mobilizes for Global Verification and Fraud Prevention
Socure is committed to redefining what bank account verification should be: real-time, global, fraud-aware, and frictionless. Built on Socure’s RiskOS® platform, the solution delivers comprehensive, real-time verification across domestic and international financial institutions without requiring user logins, redirects, or micro-deposits. With up to 98% account status and up to 82% ownership coverage, the solution validates the account and evaluates fraud risk signals within a single automated workflow, with decisions typically delivered in under two seconds. By unifying global account intelligence with integrated identity, device, and first-party fraud insights, organizations can reduce payment failures, prevent misdirected funds, and meet evolving regulatory expectations while preserving a seamless customer experience.
Future Outlook
Socure is like a lighthouse guiding ships through treacherous waters, providing clear and reliable signals to navigate the complex world of global financial transactions. With expanded international coverage and integrated fraud intelligence built directly into RiskOS®, Socure is setting a new benchmark for end-to-end bank account verification. As the financial landscape continues to evolve, Socure will continue to innovate and adapt, ensuring that organizations can move money instantly, securely, and with confidence at global scale.
Conclusion
The expansion of Socure’s Bank Account Verification capabilities to 30+ countries marks a significant step forward in the global financial ecosystem. By providing real-time, fraud-aware verification, Socure is not only meeting but exceeding the evolving regulatory and consumer demands. This advancement underscores the company’s commitment to delivering comprehensive, secure, and seamless financial solutions. Join the conversation in the comments below.
About Socure
Socure is the leading platform for digital identity verification, compliance, and fraud prevention solutions, trusted by the largest enterprises and government agencies to build trust and mitigate risk. Leveraging AI and machine learning, Socure’s industry-leading platform achieves the highest accuracy, automation, and capture rates in the industry.
Serving more than 3,000 customers in 190+ countries across financial services, government, gaming, healthcare, telecom, and e-commerce, Socure’s customer base includes 18 of the top 20 banks, four of the Mag Seven, the largest HR payroll and workforce providers, the largest sportsbook and prediction market operators, 130+ public sector organizations, and more than 600 fintechs.
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