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.
Why Banfico?
Features of Banfico Account Validation Service
Global Coverage
Our Account Validation service is offered for domestic and cross-border payments.
Our service coverage is growing fast with our own solution for certain countries or leveraging our partner network.
Cost Effective
SaaS pricing based on the volume of account-name validation checks.
Fixed license fee for on-premise deployment for unlimited account name validations.
End to End Delivery
Our solution is delivered in it’s entirety and conforms to Pay.UK CoP standards and Instant Payment (IP) regulations.
We also provide consulting support on the bank customer channels (online/mobile banking) integration.
Flexible Deployment
Our solution is offered as SaaS or be installed on the bank's public cloud or on-premise.
Our modern infrastructure automation allows easy installation of the entire CoP solution.
Introducing
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
Trusted by
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.
Europe
United Kingdom
France
Netherlands
Italy
Germany
Spain
Americas
USA
Canada (2024)
Costa Rica
Brazil
Mexico
Peru
Uruguay
Argentina
Middle East & Africa
Nigeria
South Africa
UAE (2024)
Ghana (2024)
Kenya (2024)
Saudi Arabia (2024)
Asia Pacific
Indonesia
India
Pakistan
South Korea
Nepal
Vietnam
Bangladesh (2024)
Malaysia (2024)
Australia (2024)
Account Name Validation Demo
See Banfico’s Account Name Validation solution in action! Please fill the information below to schedule a demo.