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Resources

Bottomline PT-X Verify

Bottomline PT-X Verify offers bank account validation and verification simplifying customer onboarding whilst minimising risk and fraud, reducing errors, and ensuring regulatory compliance.

Anchor: Overview

Overview

PT-X Verify delivers powerful bank validation and personal verification capabilities, enabling you to confirm the validity and ownership of your customers' bank details, mitigating accidental mistakes, and minimising fraud.

  • UK Validation: PT-X Verify provides structural confirmation of bank or building society account details against industry standard data (EISCD), ensuring compliance with bank rules for data validation at the point of capture.
  • UK Verification: PT-X Verify allows you to minimise the risk of payment fraud by confirming the ownership of the bank account.
  • International Validation: PT-X Verify delivers comprehensive validation and conversion between International Bank Account Numbers (IBAN) and Domestic Account details.
Anchor: Resources

Datasheet

PT-X Verify

Anchor: Benefits

Benefits & Features

  • Reduces risk and fraud when acquiring new customers by validating bank account details and verifying the account owners identity at point of capture
  • Ensures compliance with mandated Bacs Direct Debit Scheme Rules
  • Saves time and money by reducing costs further down the line with Know Your Customer (KYC) checks at point of capture
  • Delivers improved customer service with real-time efficiency
  • Automatically updates the latest industry sort code data
  • Improves cash flow visibility and control by enabling accurate and timely payments and collections
  • Easily integrates with existing systems and eliminates data recapture