Bank Account Verification Software Built on Top of a Network of 1.5+M Authenticated Vendors
Most bank account verification software checks an account once, at onboarding, and calls it done. PaymentWorks doesn’t stop there — vendors keep their own profile current, and every change reaches you the moment it happens.
See bank account verification in action
Trusted by AP and treasury teams at universities, healthcare systems, and enterprise finance organizations nationwide.
Bank Account Verification Is Not the Same as Knowing It’s Safe to Pay
A bank account change request lands in your inbox. It looks legitimate: right vendor name, right invoice number, new routing and account number. Your AP team updates it, and the next payment goes to a fraudster.
Most bank account verification software stops at the moment of onboarding: it checks the account once, marks it verified, and doesn’t have a clear path for verifying bank account changes. That one-time check doesn’t hold up over the life of a vendor relationship. When accounts change or credentials get compromised, a “verified” account from two years ago tells you nothing about the account being paid today. The one moment you most need to check is the one moment a one-time tool has already stopped looking.
That’s the difference between verifying an account and authenticating it. Verification happens once. Authentication keeps checking, every time it matters.
How PaymentWorks Bank Account Verification Software Works
We’ve upleveled from one-time verification to ongoing authentication, so you never have to second-guess who you’re paying
PaymentWorks confirms account ownership against the payee’s authenticated identity before it enters your ERP and payment goes out. The account isn’t just checked as a valid account. It’s tied to a vendor we’ve confirmed is who they say they are.
This is what a one-time check can’t do. PaymentWorks authenticates vendor identity at onboarding and again on every banking change.
Any change to banking details triggers automatic re-authentication. The account swap and the request that looks legitimate are caught instead of waved through. This is the attack a one-time verification is built to miss.
Carry a Payee’s authenticated bank account across every Payer in the network → an authenticated account doesn’t need re-checking for every customer that pays them.
PaymentWorks is an excellent platform that helps the city mitigate fraud risk and maintain up-to-date vendor information efficiently.
Authentication You Can Stand Behind, Not Just a Verified Checkbox
Confirmed Against the Real Account
Most tools check the bank details a vendor submits and trust the form. PaymentWorks confirms the actual account behind the request, so a change that looks legitimate but points to the wrong account will not clear. The check is against reality, not against how convincing the paperwork is.
Re-Authenticated With Every Change
A verified account from two years ago tells you nothing about the account you’re paying today. PaymentWorks authenticates vendor identity at onboarding and again on every banking change, so the account is confirmed when it matters, not trusted on the strength of one old check at onboarding
Backed by up to $2M in ACH Fraud Indemnification
Most bank account verification software marks an account “verified” and leaves the risk with you. PaymentWorks stands behind its authentication with a warranty, backed by up to $2M in ACH fraud indemnification. That’s the difference between a tool that checks a box and a partner that takes on the risk with you.
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- Accepting email changes–even from a valid account
- Using an automated service that doesnt give you answers on 100% of your accounts
- Penny tests to check payability
- Pushing it off to your business owners to verify (not a game of hot potato)
Relian upon submitted verification like canceled checks and bank letterhead