Subscribe to Payment Pre-validation
A real-time API-based mechanism enables sending banks to send and receive API calls over Swift to seamlessly check beneficiary account information with the ultimate receiving banks and payment information with Swift. This will allow banks to remedy any inaccurate or missing information instantly, reducing delays and costs.
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Payment Pre-validation subscription
Submit this subscription form to subscribe to the Payment Pre-validation and determine your preferred onboarding approach.
Payment Pre-validation for Consumers
- Set up Payment Pre-validation as a Consumer to gain access to the entire services suite.
- This step configures your institution to access the Payment Pre-validation API so you can send a request and receive a response.
- First set up access to the Test service to connect your test systems. When tested successfully, subsequently order the Live service.
- If you wish to add BICs and/or modify any information then the Test or Live form can be re-used to submit any changes.
Payment Pre-validation - Beneficiary Account Verification Data Provider
- Set up the Beneficiary Account Verification (BAV) Data Provider service so that your institution can receive and respond to BAV pre-validation requests.
- First set up access to the Test service to connect your test systems. When tested successfully, subsequently order the Live service.
- If you wish to add BICs and/or modify any information then the Test or Live form can be re-used to submit any changes.
Do you have any questions?
Please contact us to find out how we can help you.
