Given the huge growth in online payments, the security of digital payment transactions has become paramount, and this also applies to all those transactions involving the use of the IBAN code.
For this reason, the Check IBAN service based on Open Banking enables corporates to verify in real-time and without any possibility of error the correctness and existence of their debtor's IBAN, before making a collection transaction. Drawing on proprietary databases and Open Banking data, the Check IBAN service verifies the correct association between the IBAN and the customer's tax code/VAT number (whether a natural person or a legal entity), automating checks that are often managed analogically and that, from taking several days or weeks, can now be fully automated and made in real time, combining greater security with an important increase in process efficiency.
Nexi Partners:
