Protection against fraud
Bank Account Validation
(CoP / IBAN Name Check)
Confirmation of Payee (CoP) and IBAN Name Check service are new ways of giving business and personal customers greater assurance that they are sending payments to their intended recipient, helping them to avoid making accidental or misdirected payments to the wrong account holder, as well as providing another layer of protection in the fight against fraud, particularly Authorised Push Payment (APP) scams.
Features of Banfico Account Validation Service
Confirmation of Payee /
IBAN Name Check
Fast growing global coverage
Support for domestic and cross-border name checks
Inbound, Outbound, or Combined
Simple onboarding process
Dedicated development support
Customer Channels integration support
Role-based User Management
Audit events logging and monitoring support
Available on-premises or via SaaS
Account name check across borders
Building the Future of Bank Account Verification
Banfico is the leading solution provider for global account-name verification. We are proactive in Europe to develop solutions to address Pan-European IBAN Name Check in Instant Payments regulation.
Saudi Arabia (2024)
Account Name Validation Demo
See Banfico’s Account Name Validation solution in action! Please fill the information below to schedule a demo.