Eliminate payments friction with upfront account verification
Friction in the payments system costs the industry more than $2bn every year, affecting over 700 million transactions. But much of this friction is the result of avoidable errors, such as incorrectly inputting account information.
Payment Pre-validation solves this problem, utilising API technology and harnessing best-in-class data sources to validate key information before a payment is sent.
How it works
Before sending a payment, banks can check that the beneficiary account information matches that of the ultimate receiving banks. This is done in real-time via an intuitive API-based mechanism.
Initiating banks are also able to verify key details before their transactions are sent, including whether the data in their payment instructions is correct or if it matches the requirements of the destination country.
Still got questions on how Payment Pre-validation works? Check out our FAQs.
Predictable payments
Experience greater predictability and ensure all your payments complete first time by pre-validating key message details upfront. Confirm the beneficiary’s account is open and ready to receive funds in your chosen currency, and double check that the name matches the one on the account directly with the beneficiary bank or using pseudonymized account statistics if the beneficiary bank is not connected to pre-validation.
Confirming these details at the beginning of the payments process allows any issues to be identified and resolved before a payment is sent, resulting in fewer delays and a frictionless customer experience.

[Demo] See Payment Pre-validation in action
We're eliminating friction that causes delays and keeps customers waiting. Learn how our API technology and best-in-class data helps reduce errors by validating payments before they're sent.
Highlights
Predictable payments
Provide a predictable payments experience to your customers by validating key information upfront.
Enhanced fraud detection
Stop fraudulent payments in their tracks by identifying them early, and spend fewer resources on investigations.
API enabled
Connect via our API channel to seamlessly integrate with our rich data sources, reduce costs and allow quicker connectivity.
Payment Pre-validation FAQs
Still got questions? Take a look at our FAQs and get answers today.

Payment Pre-validation: Say goodbye to unnecessary errors
How to get started with Payment Pre-validation
Download our demo
See Payment Pre-validation in action by downloading the product demo.
Got questions?
Take a look at our FAQs and get answers today.
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