Bank Account Verification

January 6, 2014

One of the biggest obstacles facing innovation in the financial services industry is making it easier for verified and permissioned 3rd parties to access a customer’s DDA (Demand-Deposit-Account). Services like PayPal try to get customers to connect their DDA’s to help avoid credit card network fees. These companies are relatively successful at this because they simply pass on that fee to the customer. The currently acceptable process to permission a 3rd party to access a DDA is a multi-day process. ... Read more

© 2018 | Addison Huddy