Validating bank account numbers

17-Jul-2020 21:10

Your customers want to pay you and receive payments with minimum fuss, ensuring you have the correct bank account details for the account they own is key to making this happen.Incorrect bank account data can lead to payments failing and fraud.Make sure that the IBAN follows the proper IBAN format.

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We currently can perform domestic account validation algorithm tests on 37 countries which add a second layer of protection against invalid iban data.(FIS) data with our industry-leading credit risk assessment tools.The Debit Report provides real-time debit summaries about consumers who have, or had, checking or savings accounts.Using information that is updated nearly 350,000 times each day and comes from 8,500 banks with more than 100,000 locations, as well as more than 70,000 retailers and merchants, this powerful report helps lenders determine creditworthiness and access consumers’ past banking histories.

This data is especially useful for thin-file applicants, or for deeper insight into detailed financial histories.By integrating our tools in your software you can check IBAN, verify BBAN and effectively decrease financial transaction errors.Our company specializes in providing a secure way to verify and safely pay via International Bank Account Numbers., nothing's been rearranged, which means there wasn't a match, and the code's invalid.