New Line Processing supports many data and analytic providers. These robust platform providers can assist in providing levels of insight into consumers' financial wherewithal.
Credit Verification
It is a tool that provides analytics on a consumer. This tool allows the business to identify the credit score and credit worthiness of a new customer, including all analytics to help determine and set risk tolerance for our valued clients.
Bank Verification:
Non-Credentialed Bank Verification: Generates end-user data by communicating with financial institutions, databases, and other resources to mitigate risk when transacting with consumers and businesses. These services include but are not limited to financial institution databases, national databases, account validation, and funds verification. Instantly authorize an account as a draftable DDA (as reported by the financial institution), verify if recent fraud / suspicious activity is associated with the account, confirm that the account / routing structures are valid, and perform identity verification to satisfy KYC requirements
Credentialed Bank Verification: Instantly enroll consumer or business bank accounts for ACH payments, underwriting, KYC, data aggregation, and risk control. Connect users with their online banking credentials or account/RTN/PII while leveraging proprietary information to generate decision analytics for real-time, frictionless onboarding.