JUST SOME OF THE CLIENTS WE HAVE WORKED WITH
Bank Account Validation Services
Our industry-leading UK bank validation services are designed to keep your business protected and secure from bank transfer fraud and payment errors. Using the Extended Industry Sort Code Database, your payment process will be refined, saving time & money with quick & accurate verification.
Reduce bank fraud
By checking customer bank account details in real time at the point of entry, you reduce the risk of bank transfer fraud and invalid payments.
Reduce invalid payments
Our sort code and account validator is powered by the Extended Industry Sort Code Database and the Payment Validation AP for accurate payments.
Avoid unnecessary spending
With easy implementation, there are no set-up or maintenance fees, costing only pennies to check any transaction. Prices start from just 3.7p per bank account lookup.
Secure data storage
Compliant and robust bank data processes for secure storage and transfer so your customers stay protected no matter what.
Simplified account management
With powerful online management tools, account management and reporting have never been easier. User-friendly interface, buy-click bundles, and gain access to detailed usage reports
Multi-platform support
You decide how it’s delivered to you; whether you require Web App or our Soap API. Implementation is available on Windows or UNIX.
3 Ways To Validate Your Bank Details With Hopewiser
Cloud
Maintenance Free. No set-up fees and no maintenance costs.
Free access to easy CRM integrations, Rest API & JavaScript client.
Pay per click model starts at a very low cost.
Management Tool with free detailed usage reports and autorenew.
Handy help guides and videos.
Secure data transfer and storage.
Software
No limitations. Benefit from multiple lookups and cleanses without being punished for usage.
Cost-effective for large users.
Bespoke. Tailor the software to benefit your user experience.
Ideal for Sensitive Data and Compliance. Data on site.
Works On Many Platforms. Includes a Developer’s Kit.
Professional Services
Access to data consultants, product specialists, data project management, integration specialists.
Knowledge to assist/run projects to make the most of your data or help you to integrate solutions.
Bespoke service for more complex requirements including consolidation. (Single Source of Truth).
Identify data problems and match the solution to rectify the issue.
What is bank account validation?
Bank account validation is the process of verifying the accuracy and legitimacy of a bank account number & sort code provided by the customer. This is done by cross-referencing the international bank account number (IBAN) against valid accounts held by banks and financial institutions participating in the Extended Industry Sort Code Database (EISCD).
IBAN number: This consists of up to 34 letters and numbers in the following structure: country code, check digits, bank code, sort code, and UK account number. For example, GB 12 ABCD 102030 12345678.
EISCD: This contains payment-related information for every financial institution participating in the UK’s Bacs, CHAPS, Cheque and Credit Clearing, and Faster Payments schemes.
Why is it important to validate bank account details?
Validating bank account details is essential in protecting any person from fraudulent payments. This occurs when a criminal uses stolen payment information, falsifies payment details, or impersonates a legitimate payee. By validating bank details, you ensure any payment received is from a legitimate customer.
In the UK, all businesses are required by law to comply with anti-money laundering regulatory requirements. You must verify the identity and legitimacy of every customer; failure to do so will result in severe fines, legal action and criminal charges.
Alongside protecting the general public, it also protects you and your business. By accurately & efficiently confirming information, you avoid payment errors and delays caused by incorrect data. This will improve your reputation and create an improved customer experience, making the customer feel safe when purchasing your products or services.
Why use Hopewiser?
If you accept online bank payments, you need a reliable system to check and validate customer information.
Using the EISCD, our service refines your payment process by using real-time bank verification. This saves time & money and ensures quick & accurate verification of customer details within your eCommerce shopping cart or internal systems used for offline payment processing.
Depending on what works for your business, decide between the web app or Soap API and start benefiting from bank validation from just 3.7p per lookup.
Accuracy, Support and Knowledge are at the heart of everything we do at Hopewiser.
Bank Validation Benefits
Accurate Bank Account Details
Reduced fraud risk and payment errors
Improved reputation
Accuracy from reputable financial institutions
Secure data storage
Simplified account management
FAQs
Why should I use Hopewiser’s bank validation services?
The benefits of bank validation are endless as you are protecting not only your business, but the general consumer.
Our services are used by businesses across the UK to reduce bank fraud and invalid payments. Available as cloud and software-based, our platforms are tailored to work for you without punishing you for usage. Our team has over 40 years of data cleansing experience and is available to help you with any data project you have.
Is our bank validation service secure?
Yes, our bank validation service is highly secure. We use encryption and other security measures to protect the privacy and security of the information that is submitted to our system.
Can our bank validation service integrate with my existing systems?
Yes, our bank validation service can be easily integrated with your existing systems, such as payment processing or accounting software. We offer a range of integration options including MS Dynamics CRM, Sage CRM, Sales, WooCommerce, WordPress & IBM Websphere.
Yes, our bank validation service can be easily integrated with your existing systems, such as payment processing or accounting software. We offer a range of integration options including MS Dynamics CRM, Sage CRM, Sales, WooCommerce, WordPress & IBM Websphere.
What does bank validation check for?
Bank validation checks every transaction to ensure the provided details are accurate and legitimate.
This is done by cross-referencing the IBAN number (up to 34 characters in the structure of country code, check digits, bank code, sort code and UK account number) against valid accounts held by banks and financial institutions participating in the EISCD.
