Improved Straight-Through-Processing and payments delivery

When sending payments you need to be sure that they will reach the intended recipient first time, every time. Failed payments increases cost, impacts cashflow and can have a negative effect on your reputation.

Our payment solutions validate and verify bank account data and provide a secure gateway into the Bacs and Faster Payments systems.

 

Data validation with Bank Wizard

Bank account data checking.

What it does: Checks bank account details are valid in real-time.

Used for: Checking UK and international bank account data, for error that could cause payments to fail.

 

Data verification with Bank Wizard Absolute

Checking bank account ownership.

What it does: Checks bank account details to make the link between your customers and their bank accounts.

Used for: Checking UK current account details to ensure the account belongs to the person you expect.

 

Payments processing with Experian Payments Gateway

Secure and efficient access to the UK Bacs and Faster Payments schemes.

What it does:Manage payment submission with controlled, secure access and intelligent reporting.

Used for: Submitting payments to UK Bacs and Faster Payments

Check that payments data is accurate and submit payments using a secure payment gateway to prevent payment failure. Experian’s payments solutions help you to prepare and route your payments so that Straight Through Processing rates are improved, payment failure is reduced and payments are made to and from the accounts of those you intend to transact with.

We can also help you with

 

Does valid bank account data matter? Discover the ways to reduce payment failures.

 

Learn how we helped Nationwide reduce the delays and costs of handling errors.

 

Learn how Experian helped Microsoft support accurate and timely cross-border payments.

 

Explore the depth and breadth of payments industry terms with our Payment Glosssary.

  Contact Us

if you have any queries, please don't hesitate to contact us and a member of our team will be happy to help.

Call us on 0844 4815 888 | Outside the UK +44 844 4815 888

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