Introducing Wafi Connect: An elegant way to verify your customers' bank account information and increase payment success rate.
One of the critical ingredients needed to process payments successfully is verified bank account information. Wafi Connect is an easy way for businesses to get the verified bank information they need from their customers in order to process payments securely.
Wafi Connect enables you to:
Get your customer’s bank account number and routing number
Get your customer’s account balance
Verify your customer’s identity
Here is how Wafi Connect works:
From your app initiate Wafi Connect
User authorizes access to their bank account
User signs into their bank account
User authorizes Wafi to share their bank details
Wafi shares users' bank information with you
You initiate a payment request.
Wafi Connect, which is a partnership between Wafi and trusted financial data access partners, was built as a companion to Wafi Pay. Its purpose is to enable you to reduce payment failures and prevent users from entering wrong bank information that lead to payment failures.
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Whether you are an ecommerce business looking to build new payment experiences for your customers to make payment or a retailer looking for ways to reduce your payment processing fees —We’re ready to partner with you and help you launch a next generation payment product that your customers will love.