Based on the chosen country and inputs entered – Bank Account Name, Bank ID and Bank Account Number – the solution will verify if the provided details match fully, partially or do not match the records maintained by the bank.
Risk Intelligence
Global Account Verification
A powerful API designed to combat Authorised Push Payment fraud and facilitate secure, seamless cross-border payments in real-time, helping protect your business and your customers all around the world.
Unlock the power of cross-border payment security
The demand for efficient, secure, and cost-effective international transactions has never been higher. Whether you’re a business expanding into new markets, a multinational corporation managing complex supply chains, or a fintech serving end users —securing cross-border payments is essential for driving growth and success.
At the same time, the consumer-to-consumer payments landscape is undergoing a rapid transformation, driven by factors such as e-commerce growth and the rise of mobile wallets. Consumers are increasingly demanding faster, more seamless payment experiences.
As the world of digital payments evolves, so do fraudsters. Advanced AI techniques are enabling them to operate at a larger scale and with greater sophistication. One particularly concerning trend is the rise of Authorised Push Payment fraud, which occurs when consumers or entities are tricked into sending funds to a bank account controlled by a fraudster. APP scams are typically fueled by social engineering attacks involving impersonation.
Global Account Verification offers a powerful tool to combat these threats, as well as counter additional hurdles associated with cross-border payments, including high costs and compliance challenges. Our real-time API enables you to verify both individual and business accounts, validate ownership, and identify potential fraud risks, so you can enhance security, improve operational efficiency, and deliver seamless cross-border payment experiences.
Useful links
Key figures
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$331bnProjected losses to global APP fraud by 2027, based on proprietary analysis
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$48.24tnApprox. AUM of banks covered by Global Account Verification at 1 October 2024
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80% of G20 countriesWill be covered by Global Account Verification, countries are being added in phases
Features and benefits
The need for a comprehensive solution
Protect your business from financial losses and reputational damage.
Streamline your cross-border payment process and reduce manual errors faster.
Our extensive network of data sources enables instant verification of key bank account details globally.
Easy integration
Integrate seamlessly with your existing payment systems.
We leverage cutting-edge technology to deliver fast, accurate, and reliable results.
Mitigate the risk of fraudulent transactions and compliance violations.
How it works
How protected are your customers against global APP fraud?
Our solution provides IBAN format validation to help you reduce errors, increase straight-through processing of bank payments, and cut down on operational overheads and costs associated with message repairs.
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