Reduce the Cost of Failed Payments

Payment service providers, corporates and banks use LexisNexis® Bankers Almanac® Validate™ to achieve exceptional straight-through processing rates for payments.
Request Free Trial

LexisNexis® Bankers Almanac® Validate™

+44 (0)29 2067 8555
Contact Us

1,000 failed payments could cost £50,000+ in bank fees and manual labour, plus the cost of unhappy customers*

Bankers Almanac® Validate™ comes with comprehensive, self-serve developer and API management tools. This enables clients to quickly integrate the solution into their customer onboarding portals and other payment systems to help prevent payment failures and improve the customer experience. 

Request Free Trial

* LexisNexis Risk Solutions, 2021 True Cost of Failed Payments

Enrich payment instructions

Using a simple payments API integration, it not only enables validation, it also enhances payment details by automatically adding: 

Payment network routing details

Standard Settlement Instructions (SSIs)

Full bank and counterparty bank details

IBAN and BIC numbers generated from domestic account details

The payments API works in the background to quickly verify customer-entered information against payment and compliance rules. If something isn’t right, such as an IBAN or ACH number, it can alert customers before they hit “send,” preventing delays and failed payment fees.
Request Free Trial

Case Study: Cashhome

Innovative currency exchange platform streamlines its payment experience and reduces costs with LexisNexis® Bankers Almanac® Validate™
View Case Study

Verify and enhance payment information

1. Identifies mistakes and notifies end-users before they hit ‘send’, helping to prevent delays and failed payment fees:

  • Checks account numbers for over 150 countries
  • Checks bank codes for almost 200 counties

2. Guides users to provide all required information for compliance:

  • Provides drop-down menus for users to select a payment purpose code for almost 100 countries

3. Automatically enriches payment information with more detail:

  • Adds full beneficiary bank details  
  • Generates IBANs and BICs from domestic account details  
  • Provides standard settlement instructions for payment routing  

Request a Free Trial**

Fill in your details below and our team will get back to you.

** Subject to Terms and Conditions.

Products You May Be Interested In