Prometeo adds Name Match to strengthen payment checks | Prometeo Debuts Ownership-Check Feature f…

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Prometeo adds Name Match to strengthen payment checks

First Movers vs. Fast Followers: Winning Strategies in Banking’s AI Race

Latin America-based FinTech infrastructure provider Prometeo has introduced Name Match, an ownership-evaluation feature integrated into its U.S. Bank Account Verification API, aiming to strengthen pre-payment checks and reduce errors in account-based transfers.

Name Match matches a payee’s submitted name with the name on record for the destination account, returning outcomes such as Match, Partial Match, No Match or No Data. The capability draws on verified banking-network data and is designed to support risk checks within existing payment decisioning systems.

With U.S. payment volumes rising—ACH transfers reached $23.2 trillion in the third quarter of 2025—and fraud attempts reported by 79% of organisations last year, financial institutions are increasing their focus on ownership validation to avoid misdirected payments, ACH returns, and operational losses.

Prometeo Debuts Ownership-Check Feature for ACH Payments

Uruguay-based FinTech Prometeo on Thursday (Dec. 4) introduced Name Match, a new ownership-evaluation feature within its Bank Account Verification API designed to improve payment accuracy and reduce fraud for businesses moving money across U.S. bank accounts. The capability adds a new layer to Prometeo’s verification flow by checking whether a beneficiary’s name aligns with the official account holder name on file before a payment is initiated.

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