EN27
August
IBAN Validation & Calculation
All countries coverage
IBAN checker engine supports all official IBAN 87 countries of which 36 are SEPA members. System can respectively identify data structures and perform format, check digit and length validations
Web Interface and API Access (REST & SOAP WSDL)
Integrate automated IBAN Validation engine into your CRM/ERP software backed or application.
Corporate services offered
Our platform performs various mathematical checksum calculations in order to determine if the bank account you entered is valid. If the entered IBAN is valid our platform attempts to identify the bank owning this account,country,address and Business Identifier Code (BIC) and more bank details.
We currently can perform domestic account validation algorithm tests on 36 countries which add a second layer of protection against invalid IBAN data. The bank details database currently contains detailed branch information for 40 countries.
IBAN Number verification is successfully used by our clients to improve money transfers worldwide. By integrating our tools in your software you can check IBAN, verify BBAN and effectively decrease financial transaction errors. Our company specializes in providing a secure way to verify and safely pay via International Bank Account Numbers.
You may also freely use our IBAN Validation demo to check an IBAN number.
Definition & Coverage
Payment data validation also includes another important step in bank validation, the IBAN number to BIC Code conversion ( BIC Codes are managed by SWIFT network ). In short it is the ability to determine the correct BIC code from a given IBAN number.
What is the definition of IBAN? The IBAN consists of up to 32 alphanumeric characters, comprising a country code, two check digits and a long and detailed bank account number used in bank wire transfers. The IBAN structure is defined by the international standard under ISO 13616-1:2007 and check digits are performed using MOD 97 (ISO 7064). The individual countries and formatting are described in the official ISO IBAN registry Examples.
The IBAN checker engine supports 97 total countries and all 37 SEPA countries. Our system can respectively identify 97 distinct data structures and perform IBAN format, check digit and length validations.
Increasing the success rate of payments is critical to provide higher quality financial services. Automating payment validations can greatly reduce the loss in bank fees for failed/bounced payments. Both enterprises and small businesses can benefit by our service with our cost-effective pricing plans.
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