PTX Verify delivers powerful bank validation (both domestic and international) and personal verification capabilities, enabling you to confirm the validity and ownership of your customers bank details, mitigating accidental mistakes or being targeted by fraudsters giving incorrect details.
PTX Verify provides structural confirmation of account details against industry standard data (EISCD), ensuring compliance with bank rules for data validation at the point of capture. PTX Verify validates that the bank branch exists, and then confirms the validity of the account number for that sort code. Account details are automatically transposed where appropriate and building society roll number. Information about the bank branch is also available, including branch location and its ability to accept Direct Debit, Direct Credit, Faster Payment and CHAPS.
For more details on the latest version of PTX Verify refer to Verify Releases