LexisNexis® Bankers Almanac Validate facilitates the accurate setup, routing and processing of payments. This payments API can be used anywhere that payments data needs to be checked and improved, including customer-facing products, business applications and core systems.
Designed to help payment service providers, banks, and corporations, Bankers Almanac Validate ensures seamless, straight-through payment processing and a positive experience for their customers. As customers set up payments online, the payments API checks their details in real time against up-to-date payment rules covering almost 200 countries.
Using a simple payments API integration, it not only enables validation, it also enhances payment details by automatically adding:
Bankers Almanac Validate reduces workload for end users and creates a seamless customer experience.
The payments API works in the background to instantly verify customer-entered information against payment and compliance rules. If something isn’t right, such as an IBAN or ACH number, it can immediately alert customers before they hit “send,” preventing delays and failed payment fees.
Comprehensive developer and payments API management tools make Bankers Almanac Validate quick and easy to deploy.
For payments within countries that require payment purpose and tax code details, Bankers Almanac Validate generates option menus that automatically guide customers to provide this information.
Bankers Almanac Validate ensures the data captured at payment setup is accurate and complete. It provides ongoing access to the most up-to-date payment routing information including:
Comprehensive developer and API management tools make Bankers Almanac Validate quick and easy to deploy.