Tag: bank account data validation

Loading...
7 day account switching – from both sides of the fence...

I recently decided to take a well-known bank up on their offer of a current account with an attractive set of perks – and so I began the much publicised 7 day account switching journey. As someone with a little knowledge of the payments industry I studied the process...

Read More 7 day account switching – from both sides of the fence
5 reasons why you need to take care when using IBANs...

The move to global standardisation using ISO2022 XML has meant the adoption of the International Bank Account Number (IBAN) by many countries and organisations. This means the IBAN effectively supplants a country’s domestic bank account data, such as account number and sort code.  ...

Read More 5 reasons why you need to take care when using IBANs
Five things you might not know about IBAN...

Initiatives such as SEPA (Single Euro Payments Area) and the move to global standardisation using ISO2022 XML have led to the adoption of the International Bank Account Number (IBAN). Here are five things you might not know about the...

Read More Five things you might not know about IBAN
4 types of bank account data errors that may be causin...

Any successful bid to resolve payment failures caused by invalid bank account data hinges on the ability to accurately understand the causes: error types, their frequency and specific category.Without this understanding the error will never be fixed and simply...

Read More 4 types of bank account data errors that may be causing payments failure
Four reasons why you might be holding invalid bank acc...

Sending and receiving payments are business critical processes and when payments fail the impact on a company’s bottom line can be very serious. One area which causes payment failure but which may be overlooked is in the collection and storage of bank account data. When you collect and manage...

Read More Four reasons why you might be holding invalid bank account data?
SEPA Ready survey results answer to Question 3...

In our survey to over 260 corporate treasurers we asked 'What sort of support do those responsible for SEPA migration recieve from key decision makers in relation to the SEPA...

Read More SEPA Ready survey results answer to Question 3