Ensure straight through processing for payments and improve your customer experience

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.

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