We are proud to announce that Amazon Payments has integrated
InstantAccountVerification™ technology from Yodlee, a provider of personal
financial management and revenue-generating payments solutions, into www.amazonpayments.com to simplify how our customers add and verify bank accounts in their
Amazon Payments accounts. Yodlee’s account verification technology verifies a
person’s account information, ownership, and balance in real-time.
“Traditional
verification methods don’t take into account the customer’s expectation of
speed and immediacy when they transact online,” said Baris Cetinok, director,
Amazon Payments. “Yodlee Account Verification
confirms the ownership of a consumer’s bank account in real time, adding a
required layer of validation without slowing down the process. This helps Amazon Payments deliver on our
commitment to a great customer experience.”
Over the past 10 years, Yodlee has verified more
than 15 million consumer accounts, reducing both abandonment and potential
fraud in those online transactions, which include new account openings, funds
transfers, purchases, and person-to-person (P2P) transactions.
“Our
account verification fits seamlessly into the transaction and payment process
to quickly verify credentials without disrupting the user flow,” said Peter
Hazlehurst, SVP of Products at Yodlee.
Learn more about Yodlee
at www.yodlee.com. To add and verify your
bank account, visit www.amazonpayments.com.
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