2020 Account Validation Micro-Entry 
FICO
JULY 28, 2021
NACHA, the payments clearing house through which ACH transactions flow, reported a banner year in 2020, posting an 8.2% Additionally, ACH internet transactions rose 15% from 2019 to 2020. As it happens, 2020 was a banner year for ACH fraud, too. The short descriptions are: Manual validation with a voided check.
FICO
SEPTEMBER 13, 2021
As already indicated, given the current climate and the different landscape of online only micro-merchants, this process is too long. . Ingesting internal data from disparate sources eliminates manual data entry and reduces judgmental underwriting decisioning while creating consistency through automation. Leverage analytics and rules.
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