When sending payments you need to be sure that they will reach the intended recipient the first time. Failed payments increase cost, impact cash flow and can have a negative effect on your reputation.
Experian’s secure payment validation services help you to prepare and route your payments so that Straight-Through-Processing rates are improved and payment failure is reduced.
Confirm the link between your customers and their bank accounts whilst reducing fraud and error.
Confirm business bank account ownership to prevent invoice and procurement fraud.
Checks bank account details are valid in real-time applying modulus rules to data provided.
Ensure you only use valid bank account data that is in the correct International Bank Account Number format.
Ensures that payments for supplier bills are reconciled to the correct supplier account.