TechnoXander is pleased to offer its Requester Name Verification API to Payment Service Providers (PSPs) looking to verify Bank Account Numbers and Sort Code details during the payment process.The Requester Name Verification API allows PSPs to integrate name verification capabilities directly into their applications and services. By designing their solutions around this API, PSPs can gain access to Confirmation of Payee functionality without having to integrate directly with each bank.The API abstracts away the underlying routing logic so developers simply focus on calling the endpoints and processing responses. Transactions are digitally signed for security, and banking data is never stored, keeping private financial details in the owners' control.The API specifications comply fully with the requirements set by Pay.UK regarding the submission of Confirmation of Payee Requests. They establish a common standard for request submissions and response receipts across PSPs of all sizes.TechnoXander is fully prepared to integrate with all CoP-enabled PSPs. PSPs can therefore rely on TechnoXander's API to offer customers a seamless and fully compliant payment verification service going forward. Interested parties are invited to review the technical specifications and register for CoP access today.
