Beneficiary Account Validation
Protect against fraud with IBAN name check
Ensure payments arrive at the intended beneficiary with IBAN pre-validation. Integrate checks into your business processes to protect against fraud.
Validate bank accounts to avoid fraud & errors
- Validate account information in advance and reduce the number of payment returns and failed payments caused by incorrect payment details.
- Benefit from reduced operating costs and improve straight-through processing rates safely, in the knowledge that payments will reach their intended recipients.
- Prevent fraudulent activity by ensuring that the instructed beneficiary is the rightful owner of the account before payment is made.
- Embed account validation directly into payment operations using FinanceKey’s API, or submit requests via our intuitive UI.
- Receive updates and notifications in real time when the status of the check is updated.
Control over payment recipients reducing financial and reputational risks.
Reduced fraud risk & less errors. Improve compliance, quality & gain efficiencies.
Easy integrations to existing systems & connectivity monitoring via dashboards.
Experience it first hand
Explore other FinanceKey solutions