Note: This is an older version of our APIs, click here to check out the newer APIs.
Yodlee InstantAccountVerification (IAV) makes use of Yodlee's patented account aggregation platform along with a configurable set of verification rules. IAV allows real-time account verification and even supports verification using the multifactor authentication (MFA) functionality. The supported types of MFA include questions and answers, CAPTCHA, tokens, and multilevel (i.e., a combination of the three types.)
The IAV APIs provide account and transaction level data that will allow the customer to fine-tune its verification process for more accurate results, for example, credit decisioning. The IAV APIs also offer subsequent refreshes of the verified accounts to get latest account balance. For more information, refer to IAV Features.
Yodlee provides two types of IAV services that also returns transaction data:
- Data service – Yodlee uses the credentials provided by the consumer to log in to the specified bank website and returns all verification information found for the accounts at that site. The Yodlee customer then performs the verification by using its own rules.
- Matching service – Yodlee uses the credentials provided by the consumer to log in to the specified bank website. The account verification is done based on defined matching rules where the consumer provided details that are passed through the API are matched with the account details available at the site. The attributes that are used for matching are account number, account type, routing number, and account holder name.
The quickstart guide and IAV API references will help you get started with REST and SOAP interface.