Avoid payment errors and fraud by checking business bank account ownership

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

Check who owns business bank accounts with Bank Wizard Absolute

When making payments to another business you need to confirm that the account you intend to make the payment into belongs to your supplier or customer. By making the link between the businesses you deal with and their bank account you will ensure that you only make payments to the correct beneficiaries.

Who's it for?

Bank Wizard Absolute for checking business bank account data is for any organisation that is making business to business payments. Those who wish to avoid invoice fraud when paying suppliers can use Bank Wizard Absolute to check bank account data at point of supplier set up, when a change of bank account information is sent or when a payment is being made. For companies that make payments for business loans, insurance claims or business grants using Bank Wizard Absolute will make sure that you pay your genuine customers.

Key features

  • Real-time verification checks business bank account ownership without disrupting your processes.
  • Flexible deployment options, can be used as a standalone application or can be integrated into your existing business systems.

How it works

Bank Wizard Absolute compares the business bank account information you enter against the bank account records that we hold. A validation is carried out to check for error that can be caused by mis-hearing or mis-keying, the data is then verified to give you a score that you can easily interpret to confirm that the bank account belongs to the business you wish to send a payment to.

Interested in checking the ownership of UK, personal current accounts? Click here

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

Join the discussion

The Future of Identity

Join the discussion, cast your vote and have your say on the Future of Identity in our series of #FutureofID debates.
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

Join the discussion

The Future of Identity

Join the discussion, cast your vote and have your say on the Future of Identity in our series of #FutureofID debates.
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

  • © 2017 Experian. All rights reserved