Our unique Account Verification solution offers clients the option to do Account Holder Verification on account numbers with the option of paying to qualified beneficiaries only.
The system can basically validate all batch details and restrict payment to beneficiary details that have passed the AVS or internal criteria or even a preapproved beneficiary authorised list. This can prevent fraudulent or incorrect payments can be authorised and paid.
Clients can provide us with a list of beneficiary payment details in Excel format, and only payments that match the account details on the list, will be allowed to be processed through the system.
Transaction with Unmatched Beneficiary details will fail.
Clients can provide us with a beneficiary payment detail list in excel and we will verify all account details on the National AVS Database.
Only payments that match the account details on the AVS Passed list will be allowed to be processed through the system. Additional cost will apply for AVS Verification.
|Account Number||Account Type||Surname||Initials||Branch Code||ID/Passport/Business Registration/Trust Number||ID Type||Sub Billing ID||Client User Reference 1||Bank||Client User Reference 2||Email Address||Cellphone Number|