Global Bank
Verification
Verify the Bank Account, Not Just the Identity
• Solution Sheet
01
Trulioo — Solution Sheet
Identity verification confirms your payee is a real person
or business, but it stops short of confirming that the bank
account you are about to pay actually belongs to them.
That gap is where money goes astray: a payout can
reach the wrong account, or a fraudster’s, and once it
settles recovery can be difficult.
Trulioo Global Bank Verification closes the gap with a
single real-time call that confirms the account exists
and that the name on it matches the individual or
business you are paying, across 50+ countries, before
the money moves.
Trulioo Global Bank Verification provides coverage across
50+ countries.
50+
Payouts land correctly the first time,
and the fraud that identity checks
miss is caught while there is still time
to stop it.
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Trulioo — Solution Sheet
Why Choose Trulioo for Global
Bank Verification?
Stop the Payouts That Put Your
Business at Risk
Paying the Wrong Account
The account number is mistyped, out of date, or closed,
so the payment fails or bounces. In cross-border
payouts, up to 11% of payments fail this way.
Each rejected or repaired payment averages
approximately $12 in fees alone (2023); on top of that,
someone has to trace and correct the error, and your
payee waits for money that never arrives.
Approximately 11% of cross-
border payments fail due to
incorrect information.
PYMNTS, 2024
11%
Confirm who owns the account, not just that it exists, by
matching the name on file at the bank against the payee
on your books.
Keep payouts frictionless for your payees, verifying in
real time with no bank login, and no sign-in steps that
lose business.
Reach wherever you pay out on one integration, adding
new markets without adding vendors.
Set your own match thresholds, backed by AI name
matching that tells a real mismatch from a harmless
variation, so clear matches approve automatically and
only true exceptions reach a person.
Automate the check into your payout flow by API.
Control and visibility stay with you as you scale.
Paying a Fraudster
A fraudster redirects the payout, slipping in bank details
that are not your payee’s: a doctored invoice, a hijacked
payee profile or a mule account.
It is usually caught late, after the money has left, and the
money rarely comes back. The customer’s trust goes
with it.
Trulioo is the AI-connected risk intelligence platform for fraud and
financial crime, trusted by global enterprises to verify identities,
prevent fraud and manage business risk. Trulioo combines
proprietary technology with regional expertise to deliver verification
and risk decisions on one platform, in any market globally.
Contact us
Trulioo is a registered trademark of Trulioo Information Services Inc. in the United States, the European
Union, Canada and other countries.
How It Works
Trulioo Global Bank Verification offers greater coverage
than most alternative solutions, meaning you do not need
to stitch together vendors for truly global operations.
Unlike other verification methods, it works in real time,
fights fraud with name matching and keeps the customer
experience frictionless.
What You Send
The payee’s name.
The account number or IBAN.
The destination country.
Any local identifier the market
requires, such as a routing
number, sort code, IFSC, BSB
or CLABE.
Optional tracking metadata, such
as your own reference ID.
What Happens
The request is validated and
routed to the destination market.
The account is confirmed to
exist, with the account number
matched exactly.
The name on the account is
matched with AI that resolves
different spellings and scripts.
What You Get Back
A match result: Strong, Partial,
Weak, or No Match.
A confidence score from 0 to 1, with
field-level detail on what matched.
The account holder’s registered
name, where the market allows.
An error or warning when the
account details are invalid.
Coverage and Scale
The same check runs in
every market you pay into.
• Coverage in 50+ countries
• Individual and business accounts alike
• Every market’s local account format handled for you
• Stay compliant with payee-verification mandates: the
EU’s Verification of Payee, the U.K.’s Confirmation of
Payee, and U.S. Nacha