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Bank Account Verification Service
Web service providing live verification of bank account's existence and owner name.
Bank Account Verification (BAV) also know as Verification of Payee (VOP) is an automated software providing real-time bank account name checking service.
Verify the identity of a new or existing payee. Match the name and account details (sort code and account number or IBAN) combination of beneficiary before make a payment.
Service key features:
- Confirm the existence of a bank account
- Verify / Match the beneficiary's name immediately
- Raise the level of transparency and security
- Reduce fraud and avoid human errors
- Easy-to-integrate REST API in all major platforms and programming languages
- Supported Countries: France
Use Cases and Solutions
Verification of Payee API
Beneficiary Account Verification / Verification of Payee is a name checking service available via REST API.
Access to Real-time data
Ownership confirmation of the legal owner's name and account number match the information in seconds.
Reducing fraud & avoid errors
Increase the level of security by protecting against fraud in instant payments. Reduces misdirected payments caused by mistyping and formatting errors.
Quick and easy integration
The simpel and modern REST API allows you to implement the Confirmation of Payee / Bank Account Verification functionality in your business process with minimal effort.