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what-is-the-benefit-of-using-the-account-holder-verification-service [2015/09/30 10:37]
what-is-the-benefit-of-using-the-account-holder-verification-service [2020/06/05 13:07] (current)
Schuzelle van Wyk created
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|+||====== What is the benefit of using the Account Holder Verification Service? ======|
|+||You can reduced the risk of rejections in your debit order collections by making use of bank account verification.|
|+||With bank account verification the risk of fraud is also greatly reduced as you determine, in advance, whether the customer is indeed the holder of the bank account as claimed. This saves your business time and money instead of having to deal with unauthorised debits from fraudulent bank account declarations.|