ACCOUNT VERIFICATION WITH MICRODEPOSITS
In some implementations, a verification system may receive, from a user device, a request to validate an account. The verification system may initiate a microdeposit using an electronic rail, and the microdeposit may be associated with a human-readable description. The verification system may receive, from the user device, an indication of the human-readable description associated with the microdeposit. The verification system may therefore validate the account based on the indication.
1 . A system for account verification with microdeposits, the system comprising:
one or more memories; and
one or more processors, communicatively coupled to the one or more memories, configured to:
receive, from a user device, a request to validate an account;
initiate a microdeposit using an electronic rail, wherein the microdeposit is associated with a description that includes a sequence of characters set off from remaining characters in the description;
receive, from the user device, an indication of a code associated with the microdeposit; and
validate the account based on the code matching the sequence of characters.
2 . The system of claim 1 , wherein the sequence of characters includes a human-readable description.
3 . The system of claim 1 , wherein the sequence of characters comprises a three-letter code.
4 . The system of claim 1 , wherein the sequence of characters includes a leading character.
5 . The system of claim 4 , wherein the leading character comprises a pound symbol.
6 . The system of claim 1 , wherein the request to validate the account includes an identifier associated with the account.
7 . The system of claim 1 , wherein the request to validate the account indicates an institution associated with the account.
8 . The system of claim 1 , wherein the electronic rail is associated with immediate delivery.
9 . A method of account verification with microdeposits, comprising:
receiving, from a user device and at a validation system, a request to validate an account;
initiating a microdeposit by the validation system and using an electronic rail, wherein the microdeposit is associated with a human-readable description;
receiving, from the user device and at the validation system, an indication of the human-readable description associated with the microdeposit; and
validating the account by the validation system based on the indication.
10 . The method of claim 9 , further comprising:
transmitting, to the user device, instructions for at least one user interface (UI),
wherein the request to the validate the account is received using the at least one UI.
11 . The method of claim 9 , wherein the human-readable description comprises a sequence of characters set off from a larger description associated with the microdeposit.
12 . The method of claim 11 , wherein the sequence of characters are set off using at least one leading character.
13 . The method of claim 12 , wherein the at least one leading character includes a pound symbol.
14 . The method of claim 11 , wherein the sequence of characters are set off using at least one trailing character.
15 . The method of claim 14 , wherein the at least one trailing character includes a space.
16 . A non-transitory computer-readable medium storing a set of instructions for account verification with microdeposits, the set of instructions comprising:
one or more instructions that, when executed by one or more processors of a device, cause the device to:
receive an identifier associated with an account;
initiate a microdeposit using the identifier and an electronic rail, wherein the microdeposit is initiated using a message that encodes a description with a sequence of characters set off from remaining characters in the description;
transmit a prompt for a code associated with the microdeposit;
receive, in response to the prompt, an indication of the code associated with the microdeposit; and
validate the account based on the code and the sequence of characters.
17 . The non-transitory computer-readable medium of claim 16 , wherein the one or more instructions, that cause the device to receive the identifier, cause the device to:
transmit instructions for a user interface (UI) with at least one input element; and
receive the identifier using the at least one input element.
18 . The non-transitory computer-readable medium of claim 16 , wherein the one or more instructions, that cause the device to transmit the prompt, cause the device to:
transmit instructions for a user interface (UI) with an input element,
wherein the indication of the code is received using the input element.
19 . The non-transitory computer-readable medium of claim 16 , wherein the one or more instructions, when executed by the one or more processors of the device, cause the device to:
initiate a debit of the microdeposit in response to validating the account.
20 . The non-transitory computer-readable medium of claim 16 , wherein the electronic rail is associated with immediate delivery.