product overview

Simple, fast and effective, eVERIFY is one of the most comprehensive solutions available for improving the accuracy of information associated with pan-European payments and collections, whilst saving businesses valuable time and money.

As of January 2006, the use of Bank Identification Codes (BICs) and International Bank Account Numbers (IBANs) became mandatory for Euro cross-border payments. Extending this initiative, as of January 2007 banks are able to reject payments from corporate organisations that do not include valid BIC and IBAN data. This, together with the associated rising costs and penalties of submitting payments with incorrect BIC and IBAN data, necessitates the need for validation at an early stage of the funds transfer process.

eVERIFY performs fast, accurate BIC and IBAN validation at the touch of a button, significantly reducing error rates, meaning fewer bank charges and faster completion of funds transfers.

why choose eVERIFY? »