Stop payment fraud in its tracks
Bank Account Verification creates a secure connection between you, your customers, suppliers and their bank accounts.
Reduce payment errors
Give your customers the best possible experience with accurate, automated processes and reduced payment delays.
Cross-border payments
Bank Account Verification now offers international coverage, providing your safety and certainty with your cross-border transactions.
Improve conversion rates
Near-instant data handling and process automation combine to boost match rates and reduce drop-outs.
Confirmation of payee
Our Confirmation of Payee service adds an extra layer of verification to all bank account checks, helping increase match rates up to 99%
Enjoy peace of mind
Be secure in the knowledge that payments are made to and from the right customers and protect your business from multiple types of fraud.
Headache-free compliance
Experian Bank Account Verification supports compliance with BACs Direct Debit scheme rules, Confirmation of Payee, JMLSG, AML and GPG45.
You're in control
Set decisioning rules based on your needs, including additional scoring options, near-name match, address-only check and age of account scoring.
Protect yourself against fraud
Authorised Push Payment (APP) fraud accounted for losses totalling £450.7 million in 2024, as payment scams continue to get smarter. Combined with the recent changes introduced by the Payment System Regulator around reimbursement requirements of up to £85,000, it is increasingly vital that financial institutions combine protect customers while still ensuring a smooth experience.
How Experian can help
Bank Account Verification makes the connection between your customers, suppliers and their bank accounts in near real time, so that you can be confident that you’re making payments to the right accounts, whilst also providing considered account insights, reducing the risk of fraud. This helps you to tackle APP fraud, reduce error and minimise friction while also meeting regulations such as BACS Direct Debit Scheme rules, GPG45 and AML with Confirmation of Payee also available.