validifi

ValidiFI is a provider of predictive bank account and payment intelligence solutions that help organizations validate bank accounts, detect fraud, and assess credit risk. The company's flagship products include vAccount, an enhanced account verification solution for fraud prevention, and vCredit, which uses proprietary bank and payment data to predict both early and later-stage default. Through its Omni Platform, ValidiFI analyzes connections between bank accounts, consumers, and payment performance to offer comprehensive insights. The company's solutions enable organizations to validate bank accounts in real-time, confirm account ownership, and access transaction patterns and account stability data. ValidiFI's proprietary database has demonstrated that low-risk bank accounts have a 97% success rate in transactions, while high-risk accounts experience 11.5 times more ACH returns with only 14% successful subsequent payments. In June 2023, ValidiFI was acquired by RIBBIT, and the combined entity continues to operate under the ValidiFI name and branding. The merger created one of the industry's largest alternative databases of bank and payment data.

ValidiFI's technology helps organizations comply with Nacha regulations while managing payment risks. The company offers both credentialed and non-credentialed solutions, including vAuth for real-time microdeposit verification and vConnect for bank account access confirmation through login interfaces. In late 2024, ValidiFI expanded its services through strategic partnerships with PDI Technologies to offer real-time bank account validation for consumer enrollment in pay-by-bank solutions, and with J.P. Morgan Payments to enhance account validation coverage.

Key customers and partnerships

ValidiFI has established several notable partnerships across various sectors. In August 2024, Community Bank & Trust selected ValidiFI to verify bank account ownership and possession for their Tax Refund Advance loan program. In November 2024, the company partnered with PDI Technologies and GasBuddy to enable real-time bank account enrollment for consumers paying at convenience and wholesale petroleum retailers. ValidiFI also collaborated with J.P. Morgan Payments in October 2024 to expand its validation services coverage. In May 2024, the company formed a partnership with Phixius by Nacha to enhance account validation coverage for payment information validation.