Bank account verification makes the link between your customers and their bank account details

  • t: 0845 234 0391
  • Experian Marketing Services LinkedIn Page
  • Experian Marketing Services Twitter feed
  • Experian Marketing Services YouTube channel

Bank account verification

Your customers want to pay you and receive payments with minimum fuss, ensuring you have the correct bank account details for the account they own is key to making this happen. Incorrect bank account data can lead to payments failing and fraud. Bank Wizard Absolute makes sure the account details provided are correct and that the account belongs to your customer, so you can provide a better experience for your customers and reduce the risk of fraud and error.

Who's it for?

Organisations that initiate payments or direct debits to or from individuals or businesses.

Key features

  • Reduces errors in payment details to ensure the best possible experience for your customers
  • Ensures you understand account ownership so payments are made to and from the right customers
  • Supports a secure environment for making payments to individuals and businesses

How it works

Bank Wizard Absolute makes a definitive link between individuals or organisations and the current accounts they hold. It compares the customer information entered with the records held by Experian. A decision on the validity and ownership of the current account is provided in real-time with an easy to interpret scoring system.

What would you like to do next?

 

 

 


Our latest whitepapers and case studies
Shoreditch

Learn how we helped Shoreditch exceed their age verification pass rates.

Find out more
Fraudster Case Studies

Understand the mind of a fraudster with the help of our Fraudster Case Studies report.

Find out more
Jaxx and MyBett

Learn how we help Jaxx and myBet.com to retain compliance with KYC regulations.

Find out more
Smartsearch

Learn how Smartsearch were able to achieve 97% ID verificaion pass rates.

Find out more

We thought you might also be interested in...

Read our Identity and Fraud Blog

Read our ID & Fraud Blog

Expert Opinion, latest thinking, analytical articles, stories and fun...
Browse our constantly updated latest thinking blog and learn everything you need to know about Fraud Prevention.
Read More

Experian UK Fraud Map

Experian UK Fraud Map

Explore our interactive UK Fraud Map to see first/third party fraud in the postcode sector as well as the key economic data for your local authority. Check your area now.
Find out more

Latest Fraud Statistics

Latest Fraud Statistics

Keep up-to speed with the latest #FraudStats by looking at our new FREE interactive fraud analysis tool. Fraud by financial product, type, age, gender much more - insights you've never seen before.
View our tool

We thought you might also be interested in...

Read our Identity and Fraud Blog

Read our ID & Fraud Blog

Expert Opinion, latest thinking, analytical articles, stories and fun...
Browse our constantly updated latest thinking blog and learn everything you need to know about Fraud Prevention.
Read More

Experian UK Fraud Map

Experian UK Fraud Map

Explore our interactive UK Fraud Map to see first/third party fraud in the postcode sector as well as the key economic data for your local authority. Check your area now.
Find out more

Latest Fraud Statistics

Latest Fraud Statistics

Keep up-to speed with the latest #FraudStats by looking at our new FREE interactive fraud analysis tool. Fraud by financial product, type, age, gender much more - insights you've never seen before.
View our tool

  • © 2016 Experian. All rights reserved