Requester Batch Check Payee

The Requester Batch Check Payee API enables Payment Service Providers (PSPs) to perform multiple Confirmation of Payee (CoP) and Verification of Payee (VoP) name verification checks simultaneously, facilitating bulk validation of payee details.

Key Features

Bulk Verification: Allows PSPs to submit multiple payee details in a single request, streamlining the verification process for high-volume transactions

Real-Time Processing: Provides near-instantaneous feedback on the accuracy of payee information, aiding in the prevention of misdirected or fraudulent payments

Comprehensive Matching Criteria: Checks for exact and partial matches between the provided payee details and the records held by the recipient's bank

Detailed Response Information: Returns status codes such as matched, close match, or no match, along with reasons for close matches, to assist in decision-making

Use Cases

Payroll Processing: Ensures that employee payments are accurately directed to the correct accounts

Supplier Payments: Verifies vendor details to prevent errors in supplier transactions

Customer Refunds: Confirms customer account information before issuing refunds

By integrating the Requester Batch Check Payee API, PSPs can enhance the security and accuracy of their payment systems, fostering trust and compliance in financial transactions.

Requester Batch Check Payee

Requester Batch Check Payee#

Key Features#

Use Cases#

Requester Batch Check Payee

Key Features

Use Cases