Connect the World with the IBAN-Name Check
How does it work?
Sending an IBAN-Name Check Request (Consuming)
On behalf of the Bank, SurePay will send the request to SWIFT based on the bank’s SWIFT certificate with the Pre Validation service selected. The Requests will be validated against the databases of the Participants through the use of the SWIFT BAV Scheme or against the central database from SWIFT named the ‘Central Beneficiary Account Verification’.
SurePay will send a Response back to the bank, containing a name matching result and – if necessary – additional information on the account.
Responding to an IBAN-Name Check Request (Data provisioning)
How can SurePay help?
Connect to the Pre Validation Service with SurePay
As a platform enabling partner of SWIFT SurePay can connect you as a bank to the Pre Validation Service. This Benefits you as a bank with less IT impact and backlog issues and the re-use of the same IBAN-Name Check or CoP connectivity. Interested in the benefits of SWIFT Pre Validation for smoother payment processes? Contact Bridget Meijer, Manager of New Markets.