Bank account data validation with BANK WIZARD®
BANK WIZARD®, from Eiger Systems, is a unique service and software solution specifically developed to undertake bank account validation. Designed to be easily embedded within existing applications, BANK WIZARD allows users to check the validity of bank details prior to submission to an automated clearing system.
Error rates in bank account details at the point of capture, where bank account validation has not taken place, can be as high as 8%, resulting in rejected payments that can have a direct impact on administration costs and customer service.
BANK WIZARD:
- supports bank account validation for many countries
- integrates easily with existing applications and web-based applications
- is available for all main operating systems and platforms
Understand the cost of not validating bank account detail
Get more information on bank account data validation with BANK WIZARD®
Organisational benefits
The leading bank account validation system
BANK WIZARD has over 80% coverage of worldwide SWIFT payments, including the whole of Europe, and has been implemented by some of the largest users of automated payment solutions.
A complete application, not just data
BANK WIZARD removes the problems associated with managing updates to complex and constantly changing data.
Valid and accurate bank data
Eiger Systems is unique in having a dedicated Data team that systematically identifies and corroborates changes to bank data, ensuring that users benefit from accurate and up-to-date information.
Supports rigorous validation requirements for multiple countries
Flexible framework allows further country modules to be added - either as standalone modules or integrated seamlessly with others - supporting multiple domestic and cross-border payment systems.
Regular updates
Stringently tested data updates are available weekly from a secure extranet service. Updates can be automatically incorporated into systems without interruption, ensuring that users continually operate with the most up-to-date data.
Get more information on bank account data validation with BANK WIZARD®
Key features
- Performs full modulus checking of bank account numbers, branch and bank codes
- Forms IBANs (International Bank Account Numbers) from valid domestic details
- Validates BICS (Bank Identifier Codes) and IBANs (International Bank Account Numbers), where applicable
- Highlights errors and provides warnings to prevent the submission of invalid bank details
- Automatically transposes (converts) non-standard account details for domestic clearing systems
Get more information on bank account data validation with BANK WIZARD®
Technical information
Operating systems and platforms
BANK WIZARD is available for the majority of platforms, including Windows, UNIX, IBM and other platforms.
Applications and interfaces
Embedded
BANK WIZARD provides a powerful Application Programming Interface
(API) which allows it to be easily embedded within, or called by, any
application.
Internet
BANK WIZARD can be provided with an Internet toolkit in order to
validate payment details within web based applications.
Web Service
BANK WIZARD supports customer deployment using Web Services or a
Service Orientated Architecture (SOA), allowing a single instance to
be accessed across an entire organisation.
File Scanning
BANK WIZARD is available with an optional file scanning module which
has the ability to scan a file generated from another application and
undertake the validation in batch mode.
Direct User Interface
BANK WIZARD can be provided with a Direct User Interface (Windows
based), that allows a user to simply key in the bank/branch code and
account number returning results instantaneously to the user's screen.
Request more information
For more information on bank account data validation with BANK WIZARD®, complete our short form or contact QAS directly on 0800 197 7920.
