Experian’s payments solutions help you to ensure you have the right payments data so that error doesn’t cause failure. Check bank account ownership and submit payment files using our secure payments portal to reduce fraud and improve Straight-Through-Processing rates. Validate and verify bank account data as you collect it, in real-time, while your customer is still present to provide you with any corrections needed. Make sure that you can process your customers payments and that the money is going to, or coming from the person you intend.
Bank account data checking.
What it does: Checks bank account details are valid in real-time.
Used for: Checking UK and international bank account data, for error that could cause payments to fail.
Checking bank account ownership.
What it does: Checks bank account details to make the link between your customers and their bank accounts.
Used for: Checking UK current account details to ensure the account belongs to the person you expect.