Accelerate payment processing rates with automated validation of critical payments details
Designed to help payment service providers, banks, and corporationsLexisNexis® Bankers Almanac® Validate™ facilitates the accurate setup, routing and processing of payments. This payments API can be used anywhere that payments data needs to be checked and improved, including customer-facing products, business applications and core systems.
Using a simple payments API integration, it not only enables validation, it also enhances payment details by automatically adding:
- Payment network routing details
- Standard Settlement Instructions (SSIs)
- Full bank and counterparty bank details
- IBAN and BIC numbers generated from domestic account details