Stop fraud before it starts
REPAY Identity Validation Services give lenders a powerful, configurable layer of protection by verifying that the name on a card or bank account matches the name on the loan before a payment is processed or funding is released.
Built for the realities of consumer lending, these services work across every critical touchpoint: new loan contracts, KYC due diligence, ACH credits, instant funding, and both one-time and scheduled payments. Validation can run automatically within the payment flow or independently via API, giving your team the flexibility to protect every transaction on your terms.
of financial organizations report rising fraud rates as of 2025. Additionally, one in five organizations have lost over $5M to fraud in the past year.
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revenue loss due to fraud across businesses, a significant increase from previous years.
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A GROWING SUITE OF IDENTITY VALIDATION CAPABILITIES
REPAY Identity Validation Services is an expanding solution built to give lenders layered protection against fraud. Account Name Validation is available today, with additional capabilities on the way.
Account Name Validation
Validates that the name on the card or bank account involved in a payment or funding transaction matches the name on the customer’s loan account. Works across six key scenarios:
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New Loan Contract
Validate identity at the point of origination before funding is released.
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KYC Due Diligence
Run name validation independently of a transaction to satisfy know-your-customer requirements via API or within the REPAY user interface.
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Instant Funding Transactions
Verify the receiving account matches the borrower before same-day funds are disbursed.
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ACH Credits
Protect outbound payments by confirming the destination account name aligns with your records.
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New or Saved Payment Methods
Screen payment methods at the time they are added to an account, not just at the point of transaction.
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One-time or Scheduled Payments
Apply validation to both immediate and future-dated payments for continuous protection.
OFAC Screening COMING SOON
Screen borrowers and payment counterparties against the Office of Foreign Assets Control (OFAC) sanctions database, helping lenders meet federal compliance obligations and avoid prohibited transactions.
CONFIGURABLE RULES. YOUR WAY.
REPAY Identity Validation Services are built to match your business logic, not force you to adapt to ours. Name matching rules and mismatch response flows are fully configurable.
- Full Match: Requires an exact match on both first and last names. Best suited for high-risk transactions or origination scenarios where strict identity confirmation is required.
- Partial Match: Requires a full match on first or last name only. Useful for accommodating common name variations, middle names, or hyphenated surnames without blocking legitimate transactions.
- Transaction Type: Applies name validation only to specific transaction types. For example, instant funding or ACH credits, letting you concentrate on validation where fraud risk is highest.
- Primary Source: Defines which name is treated as the reference point for validation: the name on the loan record, or the name as entered by the customer at checkout. Gives you control over the source of truth.
Beyond matching rules, the process flow triggered by a name mismatch is also configurable by transaction type so your team can define what happens next.
WHY LENDERS CHOOSE IDENTITY VALIDATION SERVICES
Reduce Internal and External Fraud
Catch mismatches at the point of payment or funding before money moves rather than chasing losses after the fact.
Protect Every Critical Touchpoint
Validation runs across origination, KYC, ACH, instant funding, and recurring payments, not just one stage of the loan lifecycle.
Stay Compliant with Confidence
Support KYC due diligence and compliance without adding operational burden.
Configurable to Your Risk Tolerance
Customizable rules let you calibrate validation to your specific business needs and risk appetite.
No Disruption to Your Payment Flow
Validation integrates directly into existing REPAY payment workflows and is also available via API for standalone use. No re-architecting required.
Actionable Mismatch Responses
Define exactly what happens when validation fails so your team stays in control.
FREQUENTLY ASKED QUESTIONS
Everything lenders need to know about REPAY Identity Validation Services and account name matching.
What is REPAY Identity Validation Services?
REPAY Identity Validation Services is a fraud mitigation solution that verifies borrower identity at critical points in the loan lifecycle. The first live capability, Account Name Validation, confirms that the name on a card or bank account matches the name on the loan record before a payment is processed or funding is released. Additional capabilities including Date of Birth Matching and OFAC Screening are coming soon.
What is account name validation and why does it matter for lenders?
Account name validation is the process of confirming that the name associated with a payment method, a debit card, credit card, or bank account, matches the borrower name on file. For lenders, this is a critical control against both external fraud, such as stolen or synthetic identities, and internal fraud, such as unauthorized use of payment credentials. Catching mismatches before money moves is significantly less costly than recovering losses after the fact.
At what points in the loan lifecycle does validation run?
REPAY Identity Validation Services can be applied at six key scenarios: new loan contracts, KYC due diligence, instant funding transactions, ACH credits, new or saved payment methods, and one-time or scheduled payments. Lenders can configure validation to run at any or all of these touchpoints based on their risk strategy.
What matching rules are available?
Four rule types are available: Full Match, which requires an exact match on first and last names; Partial Match, which requires a match on first or last name only; Transaction Type, which applies validation to specific transaction types; and Primary Source, which defines whether the loan record or the customer’s checkout entry is used as the reference name. Rules are configurable per lender.
What happens when a name mismatch is detected?
The mismatch response flow is configurable by transaction type. For one-time payments, lenders can choose to request re-entry of payment information or request an alternate form of payment. For scheduled payments, lenders can choose to process the transaction and log the failed validation, or cancel the scheduled payment and send notifications to both the business and the customer.
Can name validation run outside of a payment transaction?
Yes. Name validation can be performed independently of a transaction via API integrations or within the REPAY user interface. This supports KYC due diligence workflows where identity verification is required without an associated payment, such as during onboarding or periodic account reviews.
What capabilities are coming soon?
OFAC Screening are in development. OFAC Screening checks borrowers and payment counterparties against the Office of Foreign Assets Control sanctions database to support federal compliance obligations.
Does Identity Validation Services integrate with existing REPAY workflows?
Yes. Identity Validation Services integrates directly into existing REPAY payment and origination workflows with no rearchitecting required. It is also available as a standalone service via API for lenders who want to run validation outside of a REPAY-managed payment flow.
Who is REPAY Identity Validation Services best suited for?
REPAY Identity Validation Services is designed for consumer lenders, including personal loan originators, auto finance companies, and installment lenders who process payments or fund loans through REPAY and want to reduce fraud exposure and strengthen their KYC and compliance posture.
EXPLORE MORE REPAY SOLUTIONS
Identity Validation Services is one layer of REPAY's broader payment security and compliance ecosystem.
SECURE AND COMPLIANT SOLUTIONS
Compliance is moving faster than ever. REPAY helps you keep up across every payment and every standard.
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ACH PROCESSING
Faster and safer than paper checks, ACH processing enables same-day transactions, reliable recurring payments, and low transaction fees.
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REPAY VOICE
REPAY Voice lets borrowers pay naturally by phone, on the same secure REPAY platform behind Identity Validation Services.
LEARN MOREPROTECT EVERY PAYMENT. FROM THE FIRST TRANSACTION ON.
Want to see how REPAY Identity Validation Services fits into your fraud prevention strategy? Talk to our team and we’ll walk you through the capabilities, configuration options, and what’s coming next.