IBAN Name Check - Introduction

Introduction

Online stores that offer payment methods such as direct debits face increased risks, particularly around verifying the identity of account holders and ensuring data accuracy. These challenges can lead to financial losses and increased fraud liability.

Solution Overview

Our system provides a seamless verification process that:

• requires no additional user inputs and

• validates in real-time the consistency between IBAN and account holder name

Technical Framework

The IBAN Name Check Service is built upon the EPC Verification of Payee scheme, ensuring robust and secure data exchange.

Target Customers

This solution is ideal for non-licensed entities performing Payment Initiation Services (PIS) or initiating direct debits, who need to validate payment data proactively before proceeding with transactions.