Take the worry out of making and receiving payments

Your customers want to make and receive bank payments without complications. They don’t need the hassle of sorting out errors, or the worry of falling victim to fraudsters. But get their bank account details wrong, and that’s exactly what could happen. Our bank validation and payment processing services help you avoid these problems. We help you get your customers’ bank account details right every time, and make sure that payments are made to and from the right customers. That way, you’ll save time, money and worry. And you’ll also reduce the risks of losses from fraud, a problem highlighted by the UK Audit Office.

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How our bank validation and payment processing services benefit your business

Our solutions help you validate and verify customer bank account details to make sure that an account not only exists but also belongs to the right customer. This way, your customers can successfully receive and make payments every time.

  • Reduce errors: Give your customers the best possible experience
  • Enjoy peace of mind: Be sure payments are made to and from the right customers
  • Improve processes: Make payment processing more accurate and efficient
  • Meet regulatory requirements: Supports compliance with BACs Direct Debit scheme rules, JMLSG, Confirmation of Payee and GPG45 regulations 
  • Increased control: Additional scoring options, near-name match, address-only check and age of account flag available to support your decisioning 
  • Improved accuracy and conversion: Higher match rates and lower dropouts through enhanced data handling and automation

Learn more about our Bank Account Identity Services API's

Interested in discovering our API’s? On Experian’s Developer Portal you can easily access our Bank Account Identity Services API’s. Get insight into Experian integration criteria by viewing instructions on how to easily access and integrate data and understand how our API’s meet your business needs. You can access:

- Tutorials on how to use APIs step-by-step

- The full catalogue of Experian API’s

- Information on how to acquire information through a data capture form

- Insight into how available information can be requested and consumed and much more

Learn more
Couple checking thier bank account status

Confirm

Validate bank account details and sort codes

Minimise

Reduce the risk of losses from bank transfer fraud

Check

Verify bank account ownership

Benefit

Enjoy a reputation for getting payment processing right

Comply

Supports compliance with BACs Direct Debit scheme rules, JMLSG, Confirmation of Payee and GPG45 regulations

Blend

Combine our solutions seamlessly into your business systems

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Key features of our bank validation and payment processing solutions

Successfully make and receive payments every time. Make sure you have the correct bank details for the account your customer owns, so you can make and receive payments smoothly, without complications. Adapt your processes as economic circumstances change.

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Make sure bank details are correct

Validate and verify bank account details and bank account ownership so customers can make and receive payments without complications. Comply with the BACS Direct Debit scheme rules- requiring the identity and address of the payer be confirmed, and the account details provided relate to the payer.

  • Validate bank account numbers and sort codes relate to real accounts
  • Verify ownership of consumer and business bank accounts
  • Spot closed accounts and those marked ‘account holder deceased’
  • Avoid payment fraud and manage paperless direct debits 
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Protect your customers from fraud and error

Check bank account ownership to make sure you’re paying the right person every time. Safeguard your customers from bank transfer fraud and errors. Protect your business against financial loss and reputational damage. 

  • Compare customer details against our database of current account information
  • Receive confidence scores about the match in real time
  • Use online or through our ID and Fraud platform
  • Comply with BACS Direct Debit scheme rules 
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Adapt your strategies

Adapt your business strategies to keep pace with volatile economic circumstances and customers’ changing financial circumstances. Take a fresh and detailed look at your customers’ credit history to better manage pricing, credit strategies and more. 

  • Use live data to gain a full picture of your customer’s credit and product history
  • Reassess strategies and scorecards
  • Predict potential losses with up-to-date and accurate data 

Learn more about our bank validation and payment processing solutions and how they can benefit your business

FAQs

Related products

Bank Wizard Absolute

Get customer bank details right

Banks Scheme Access

Deliver large volumes of payments, fast

BACS Direct Debit

Comply with Paperless Direct Debit Rules

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