Bank account validation
The way we spend is changing. From new technologies like Apple Pay, to direct debits and PayPal, it’s important to be on top. That's where we come in.
Part of the Loqate solution, bank validation checks your customers bank account number and sort code at the point of registration. It’s a silent check, which leaves no footprint on a credit file. So however they choose to pay, you know you’ve got the correct details.
- Collect your customers correct bank details at the point of registration and reduce non-payments
- Cost savings with a reduction in failed payments and their associated reprocessing fees
- No need to double key information, our platform checks the details straight away, ensuring accurate data
- Reduce frustrations over failed payments, ultimately boosting conversion rates