The pandemic accelerated digital payments, pushing financial institutions to offer faster, safer, and easier connections. MX highlights three priorities: frictionless account linking, secure tokenized connections to reduce fraud, and cost savings through balance verification that lowers NSF fees. With e-commerce surging past $794 billion in 2020 and P2P platforms like Venmo and Zelle driving record volumes, fraud risk rose sharply. MX’s Instant Account Verification enables instant, credential-free authentication, covering 90% of U.S. accounts and routing others to microdeposits. This creates seamless payments, reduces errors, boosts trust, and helps institutions stay competitive.

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