Explore the latest developments concerning Prometeo adds Name.
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.
Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.
By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.
Spring Style Kitchen Faucet Brushed Nickel Faucet Pull Out Torneira All Around Rotate Swivel Water Outlet Mixer Tap 866026
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning Prometeo adds Name.