The # 1 Account Verification APIs
Account Name Verification
Confirmation of Payee / IBAN Check
Account Validate is an account name/status check service that allows users to verify the account and the accountholder to whom they intend to make an online payment to anywhere in the world. Using the payee's account identification and name, Banfico's Account Validation service helps users avoid misguided payments and offers protection from scams such as Authorised Push Payments (APP) fraud.
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WHY IT’S IMPORTANT
What is Account Verification?
Account Verification (Confirmation of Payee / IBAN Check) is a new way of giving customers (both personal and business) greater assurance that they are sending payments to the intended recipient, helping them to avoid making accidental, misdirected payments to the wrong account holder, as well as providing another layer of protection in the fight against fraud and scams.
