When sending payments you need to be sure that they will reach the intended recipient first time, every time. Failed payments increases cost, impacts cashflow and can have a negative effect on your reputation.
Our payment solutions validate and verify bank account data and provide a secure gateway into the Bacs and Faster Payments systems.
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.
Check that payments data is accurate and submit payments using a secure payment gateway to prevent payment failure. Experian’s payments solutions help you to prepare and route your payments so that Straight-Through-Processing rates are improved, payment failure is reduced and payments are made to and from the accounts of those you intend to transact with.