Overview
Verify international account details before payments are sent
Cross-border payments depend on trust between parties, banks, systems and markets. Organisations may need to pay suppliers, vendors, customers, partners and beneficiaries in multiple countries, each with its own account formats, bank identifiers and local market practices. Information is not always standardised or easy to confirm.
As payments move across borders, seemingly minor errors can become costly operational risks. When account details are wrong, outdated, incomplete or associated with the wrong recipient, the result can be failed payments, message repairs, manual investigations and operational delays.
Fraud risk can also increase in cross-border payment environments. Authorised Push Payment (APP) fraud, impersonation scams and payment redirection attempts can result in organisations sending funds to accounts controlled by fraudsters. As payments become faster, the window to identify potential issues before funds are sent becomes increasingly narrow.
Global Account Verification enables organisations to confirm international account details before funds are sent. It verifies whether the account information provided matches records maintained by the receiving bank or relevant market scheme, helping teams make more confident payment decisions across supported markets.
Delivered through API, web portal and batch access, Global Account Verification allows organisations to add a real-time account check at the point where verification matters most. By validating account details against information held by the receiving bank or market scheme, it helps strengthen payment controls, reduce avoidable errors, identify potential risks and improve operational efficiency across cross-border payment workflows.
The solution forms part of the wider LSEG Risk Intelligence account verification offering.
At a glance
- What is Global Account Verification? A real-time account verification solution that compares submitted account information against records maintained by receiving banks and relevant market schemes before international payments are sent.
- Primary Capabilities: Account-owner, bank identifier and account number matching, full-match, partial-match and no-match responses, IBAN format validation, API, portal and batch access.
- Supports: Cross-border payments, supplier and customer onboarding, payment preparation, remittances and disbursements and payment-risk controls.
Features and benefits
The need for a comprehensive solution
Check account details before payments are sent, using current information from receiving banks and relevant market schemes.
Verify account details across more than 50 countries, helping support international payment workflows across key markets.
Apply verification approaches aligned to local requirements, including UK Confirmation of Payee and EU Verification of Payee.
Clear match responses
Receive full-match, partial-match or no-match results to support payment reviews and next-step decisions.
Identify IBAN formatting errors before payment instructions are submitted.
Choose API, portal or batch processing to fit the way your teams work.
Ready to strengthen your cross-border payment verification strategy?
Speak to our specialists about reducing payment fraud risk, improving payment accuracy and strengthening account-verification controls with our real-time Global Account Verification solution.
Who uses the product
Global Account Verification supports organisations that need to verify international account details before sending funds, onboarding payees or maintaining payment records. It helps treasury, payment operations, product and risk teams manage cross-border payment risk, improve operational efficiency and strengthen recipient verification where coverage is available.
Corporate treasury, accounts payable and procurement teams
Corporate teams can use Global Account Verification to check supplier, customer and partner account details when they are first captured, when payment instructions change and before higher-value or higher-risk payments are released. This helps reduce the risk of payment errors, reinforces key controls and improves confidence before cross-border funds are released. Mismatches can be routed into the organisation’s existing approval or exception process.
Payment providers, remittance firms and financial institutions
Payment providers, remittance firms, banks, fintechs and other financial institutions can embed Global Account Verification into transfer, payout and remittance journeys before funds are sent. Real-time verification helps these organisations support transaction integrity, strengthen payment-risk controls and minimise friction. A match can allow the journey to continue under the organisation’s policy, while an exception can be presented for correction or routed for review.
Platforms, partners and organisations that make disbursements
Marketplaces, insurers, education providers, healthcare organisations, charities and other organisations that make high-volume disbursements may need to verify account details before sending funds to sellers, beneficiaries, claimants, grant recipients or customers. Technology platforms and partners may also embed account verification into payment workflows serving specific sectors or customer groups. Global Account Verification helps organisations perform these checks before one-off or recurring payments are made.
Why choose Global Account Verification
Apply a timely account-level check
Account details can change and errors may be difficult to identify before an international payment is released. Global Account Verification gives teams an additional account-level signal at the point of payment preparation, supporting review under the organisation’s own controls.
Navigate cross-border complexity with confidence
International payments involve different account formats, bank identifiers and local market practices. Global Account Verification helps organisations apply account verification across supported markets through a single solution, including support for frameworks such as UK Confirmation of Payee and EU Verification of Payee. This can help reduce complexity and support a more consistent verification approach across international payment workflows.
Support global payment operations with consistency
As payment volumes, geographies and banking relationships expand, maintaining consistent verification processes can become more complex. Global Account Verification helps organisations apply account-level checks across supported markets through a single solution, supporting a more standardised approach to payment controls and helping teams manage international payment operations more efficiently.
Access broader payment intelligence from LSEG
Account verification is only one part of building trust in payments. Global Account Verification sits within LSEG Risk Intelligence's wider portfolio of account verification, identity verification and fraud intelligence capabilities. This allows organisations to connect account-level checks with additional risk signals and intelligence when greater confidence or additional investigation may be needed.
How it works
Global Account Verification enables organisations to compare submitted account information with current records before funds are sent. The solution is designed to support practical payment workflows, giving teams a clear account-level signal before they proceed.
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Verify trust across the payments lifecycle
Identity Verification supports onboarding by checking customer or business identity information against authoritative sources across supported markets. Used alongside Global Account Verification, it can provide additional identity and account-level signals across payment workflows.
Related Solutions
FAQs
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Speak to an LSEG Risk Intelligence specialist about Global Account Verification and your cross-border payment verification needs.
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