The innovative Open Banking service enables companies to verify the accuracy of an IBAN, streamlining processes (e.g., onboarding), minimizing errors, and preventing fraud.
The service allows for real-time validation of the correct association between an IBAN and the Tax Code/VAT Number of the account holder within Experian’s proprietary records and those of Institutions (Banks, Payment/Electronic Money Institutions) participating in CBI GLOBE CHECK IBAN.
Check IBAN+ is a valuable tool for all corporations that need to verify a large number of IBANs, particularly for reimbursement dynamics or recurring payment collections, such as in SDD (SEPA Direct Debit) transactions.
The benefits
- Verify in real-time the accuracy and existence of an IBAN code using an extensive informational database that covers approximately 90% of the market.
- Prevent fraud attempts.
- Minimize errors in transfers while also reducing operational costs.
Why choose Nexi
CheckIban+, thanks to the collaboration between Nexi and Experian, is the most effective IBAN verification service on the market (approximately 90% of Italian IBANs can be verified). It is an additional tool that, along with the acceptance suite, we make available to you to make corporate payment and collection processes safer and more efficient.
Our partner
Experian offers a unique combination of data and analytics systems and provides solutions and services throughout the credit lifecycle for credit risk and fraud prevention.
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