Prometeo Launches Name Match for Enhanced US Account Verification
Fintech infrastructure provider ‘Prometeo’ has introduced ‘Name Match’, a new capability integrated into its U.S. banking API services. The tool enables precise verification of account ownership by cross-referencing payee names against bank records during transactions. Integration occurs seamlessly within existing payment initiation flows. This addresses common discrepancies arising from name variations or formatting differences in cross-border transfers.
‘Name Match’ leverages direct bank connections to query account details without exposing sensitive information. The system returns confirmation status indicators for successful matches or flags potential mismatches for review. Developers access the feature through ‘Prometeo’s’ unified API endpoint structure. Implementation requires minimal code changes for platforms already using the provider’s services.
The technology targets reduction in failed payments caused by name mismatches, a frequent issue in international remittances and B2B disbursements. ‘Prometeo’ maintains connections to major U.S. financial institutions for real-time validation. Response times align with standard API calls, typically under two seconds.
This addition expands ‘Prometeo’s’ account validation suite beyond routing and account number checks. The provider supports operations across Latin America and now enhances U.S.-bound flows. Clients gain improved success rates for ACH and wire transfers originating from regional markets.
‘Name Match’ operates within regulatory compliance frameworks for data privacy and banking access. The tool processes queries without storing personal identifiers long-term. Error handling includes detailed codes for mismatch categories like abbreviations or legal name variations.
‘Prometeo’ positions the capability as essential infrastructure for fintechs managing multi-jurisdictional payments. Adoption streamlines reconciliation processes for treasury and payout platforms. The release supports programmable banking applications requiring reliable beneficiary confirmation.
This development reinforces API-driven approaches to payment accuracy in fragmented banking systems. Direct integrations bypass intermediary delays common in traditional verification methods. ‘Prometeo’ continues expanding its single-API model for cross-border financial connectivity.
The feature becomes available immediately to existing and new clients via standard authentication credentials. Documentation updates include sample requests and response schemas for rapid deployment. ‘Prometeo’ targets further enhancements based on usage patterns across connected institutions.
