Do you want to fight against upcoming fraud and comply with the regulatory obligation?
Stay ahead of the curve and ensure compliance with the upcoming Instant Payment & Payment Services Regulation with our cutting-edge Worldline Beneficiary IBAN Name Check which verifies if the beneficiary's name matches the account holder name of the provided IBAN.
The IBAN Name Check will be integrated into the payment application of the respective payment service provider. The following image shows an example of its use within a banking app to initiate a credit transfer. It shows the three different types of IBAN Name check results (match, close match and no match).
This is an example how the service can be used by the payers bank to inform the payer about the results.
Benefits from the IBAN Name Check
Why choose Worldline?
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