Data entry errors occur and bank information changes so it is important that BIC and IBAN information is validated on capture and checked whenever it is used. BankScan International can do this without your intervention, giving you the right information for cost effective processing, without added intervention.
The system comprises smart software and a database of information that can sit on your local PC or on a server for distributed access. You can use it in either transparent automated checking mode to scan files as they go for payment, embedded in your own systems or with a slick user interface allowing quick and easy manual checking.
Benefits of BankScan International
- Automatically validate data at the point of capture so that errors can be caught early and repaired easily
- Minimise liability risk for incorrectly entered details
- Reap the benefits of SEPA cost savings
- Reduce incidents of repair fees being passed back or payments rejected and subsequent costs
- Obtain up to date information on bank codes and processing rules globally, from one of the world’s leading financial data providers
- Easy to implement on a PC or a server
- Scalable according to your business needs
- Support for BankScan International is second to none
- Regular bank data updates ensure continued accuracy
- API interface for simple integration with your existing systems
- Deconstruct IBAN data for use in domestic payment systems so only one set of data has to be maintained for beneficiary
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