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Risk protection by bank account information

Risk protection by bank account information

Despite other payment methods, the most popular payment method is still the classic direct debit. According to the e-commerce guide from ibi research, almost 60% of all customers will not cancel the payment process if the merchant offers direct debit as a payment method. What means convenient payment for the consumer may result in several risks for the merchant, e.g additional fees due to possible chargebacks.

Most common reasons for chargebacks ...

Invalid bank account data

Due to unconscious errors by entering any digits or the name, a direct debit will not be possible.

Insufficient bank account coverage

As long as the bank account shows an insufficient transaction limit at the date of the direct debit, the direct debit could not be submitted. In addition to know the general transaction limit, the best date to execute a direct debit will be decisive.

Intentional fraud attempt

It is normally very easy for people with criminal energy to produce fraud by ordering goods or services with data from third parties.

How can costs be significantly reduced as a result of processing work and default risks?

The practical solution is the real-time bank account verification. The only requirement will be, that the potential customer logs in with his usual online banking data in his online banking account. Hereby the risk scenarios can be reduced to a theoretical minimum. The benefits are apparent:


Your customer will be identified as the owner of an already existing bank account in the sense of KnowYourCustomer - a false identity is excluded as well as invalid account data or transposed numbers.

Transaction limit

By logging in his online banking account, it is possible to check the current and historical transaction limit. Furthermore the optimal time for the direct debit transaction can be determined. - in almost all cases a bank account deficit could be excluded.

Intentional fraud attempt eliminated

The intention to make a payment with bank data from third parties will be limited to an absolute minimum, because entering an online banking PIN is a significant psychological barrier apart from the fact that this PIN is usually unknown.

Checks in detail

Direct debit check

This check uses various metrics to determine the best date to execute a direct debit to minimize the risk of a default due to a lack of account coverage.

Chargeback check

This check returns the number of detected chargeback transactions for this bank account during the last months.

Balance check

This check allows the check of the account coverage against a given amount.

Name check

This check compares a given name and firstname with the extracted account holder (within a percentage value of up to 100%).

+ 99,5 %
Bank Coverage

+ 5.000

+ 100 Mio.
Bank Accounts

Difference to traditional banking service provider


Highest service level through In-House development
More than 10 years of experience


Live in
DE | AT | ES
(more countries in 2017)


Bank specific login labels
Complete bank coverage

Are you interested in minimizing your risk of payments you will not receive?

Get in touch