Why use this API?

This service aims to enable customers to verify payee details prior to a payment being sent, ensuring our customers can make payments with greater confidence and helping to reduce the number of payments initiated with missing, incomplete or incorrect beneficiary account and name details.

Key Features

• Swift Pre-validation Service is where real-time information will be provided when the beneficiary bank is participating in the pre-validation service

• Where the beneficiary bank is not participating in the pre-validation service, account number can be checked against Swift's historical payments data, which will indicate when payments have been made to the account in the past

• Hong Kong Pre-validation Service – This service supports enquiry of a partially masked account name for HSBC Hong Kong bank accounts or FPS proxy

• UK Confirmation of Payee (COP) is a name and account type checking service for UK based payments with the aim of reducing misdirected payments, This is a real time check against the details for the account held at the beneficiary Bank to provide greater assurance payments are being sent to the intended recipient

• Based on the output from payment pre-validation, customers can reduce the number of payments initiated with missing, incomplete or incorrect beneficiary account and name details

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