What does verification do for me?
Best answer by Mike.Lott 5 October 2022, 23:56
MX supports 2 forms of verification data today: 1) Account verification provides access to an Account and Routing number. This data can be aquired through the Instant Account Verificiaton (IAV) and Microdeposits (MDV) solutions. 2) Idenity verification (IDV) provides the Account Owner name and may include email, phone and address.
These data types are support several use cases including origination, account funding, transfers, payments and KYC.
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