Bank Account Verification

From CDQ
Capability/Bank Account Verification
Jump to navigation Jump to search
Name Name of a concept, e.g. a data model concept. In contrast to terms, the name does not depend on a given context, e.g. a country-specific language. Bank Account Verification (category: Risk Mitigation, sort rank: 20)
Short description Informal and short human-readable definition of a concept. New bank account data verified by peers.
Description Informal and comprehensive human-readable definition of a concept. Companies are facing an ever increasing number of digitized frauds, meanwhile on a very professional level. Especially falsified invoices are causing significant financial damage. A critical challenge to uncover those fraud attacks is to identify bank accounts (e.g. given by an invoice) which are not owned by the declared business partner (e.g. the supplier of an invoice) but by a third party, i.e. the attacker. The CDQ Bank account trust score indicates the validity of a bank account based on the actual statistical usage of the account data for payment transactions at sharing member companies. Bank accounts with trust score are declared "save" by Data Sharing peers. Users can lookup shared Trust Scores during maintenance of bank account data to ensure that this account is already used by another company.
Release status The release status in terms of development progress or maturity of a product feature or a business capability.<br/><code>EMPTY</code> (0): No feature considered yet, just rough idea for capability.<br/><code>IDEA</code> (1): Just an idea, not yet designed in detail.<br/><code>DESIGN</code> (2): Software design ready, development not yet started.<br/><code>DEVELOPMENT</code> (3): Software development in progress.<br/><code>ALPHA</code> (4): First functional release, in terms of a Minimal Viable Product (MVP).<br/><code>BETA</code> (5): Tested by selected users.<br/><code>RC</code> (6): Release candidate, fully tested, not yet used in production by many customers.<br/><code>LIVE</code> (7): Used in production by customers, fully monitored and supported.<br/><code>DEPRECATED</code> (-1): End of life planned, but still available.<br/><code>EOL</code> (-2): End of life, historic service, no longer available.<br/><code>BROKEN</code> (-3): Service was used in production but is currently not available. However, CDQ tries to repair or reactivate it. LIVE
Use cases Bank Account Data Maintenance, Demonstrate and Test Bank Account Verification
Apps
Following apps provide this capability
Bank Trust Score Check
  • Bank Trust Score Check Video
APIs No API provides this capability

Features

Feature Short description Informal and short human-readable definition of a concept. Release status The release status in terms of development progress or maturity of a product feature or a business capability.<br/><code>EMPTY</code> (0): No feature considered yet, just rough idea for capability.<br/><code>IDEA</code> (1): Just an idea, not yet designed in detail.<br/><code>DESIGN</code> (2): Software design ready, development not yet started.<br/><code>DEVELOPMENT</code> (3): Software development in progress.<br/><code>ALPHA</code> (4): First functional release, in terms of a Minimal Viable Product (MVP).<br/><code>BETA</code> (5): Tested by selected users.<br/><code>RC</code> (6): Release candidate, fully tested, not yet used in production by many customers.<br/><code>LIVE</code> (7): Used in production by customers, fully monitored and supported.<br/><code>DEPRECATED</code> (-1): End of life planned, but still available.<br/><code>EOL</code> (-2): End of life, historic service, no longer available.<br/><code>BROKEN</code> (-3): Service was used in production but is currently not available. However, CDQ tries to repair or reactivate it.
Bank Account Data Sharing Enables importing bank account data with corresponding usage data (i.e. number of transactions performed with this bank account) into the anonymized CDQ Community Bank Data Pool. LIVE
Bank Account Trust Score Configuration The trust score returned for a given bank account found in the CDQ Community Bank Account Data is customizable LIVE
Bank Account Trust Score Lookup The CDQ Community Bank Account Data consists of millions of valid (i.e. proven by operations) bank accounts shared by community members (anonymized). This data can be searched for checking new bank account information before operational use in terms of an trust score. LIVE
Bank Account Data Checks CDQ data quality profiling services enable the validation of bank master data with respect to different data quality criteria BETA
Payment Fraud Attack Monitoring Peer-based alerts about uncovered payment fraud cases. BETA
Bank Account Metadata Managed reference data for bank accounts worldwide DEVELOPMENT
Bank Account Owner Verification Returns whether a bank account owner in the given data is maintained and available in the CDQ Community Bank Data DEVELOPMENT
Bank Data Monitoring Monitor bank data such as address or name changes of a bank IDEA