A payment made in error or from fraud can be disastrous, leading to delays, liability claims, exposure to third party fraud and potential damage to your reputation.
Don’t allow bank account validation checks to be a burden on your payment processes, staff or customers. Use near real-time business account validation and verification checks to be sure you’re paying the right business, every time.
The benefits at a glance:
Drastically reduce payment processing errors
Reduce the risk of internal and bank transfer fraud
Reduce the risk and correction costs of failed payments
Improve customer acquisition, collections and payments efficiency
Help you to comply with BACS Direct Debit scheme rules
90% typical match rates providing value to 18m transactions per annum
Compatible with Experian's CrossCore anti-fraud platform
Tell us about you and your company’s needs:
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With help from Experian’s tracing solutions, we were able to reduce our ‘goneaways’ back book and reunite more of our customers with funds owed to them. This solution helps us work towards our original purpose of helping people take responsibility for their future and achieve a lifetime of financial security. The communication with Experian throughout the project was fantastic and we’re pleased with the results.
Sarah Simpson, Aegon
Functionality that delivers your goals
Bank Wizard Absolute makes the connection between your customers, suppliers and their bank accounts in near real time, so that you can be confident you are making payments to the right businesses.
Custom Integration available
Experian Bank Wizard
Checking ownership of your customers bank accounts to reduce fraud and payment errors.