Account owner verification
The Validations API allows you to verify in real time the owner of a bank account, offering greater security to your payments and collections as well as helping to reduce errors and operating risks.
As financial transactions become increasingly fast, target account security is becoming more important when it comes to minimizing fraud risk.
Forget about chargebacks caused by incorrect accounts and perform transactions accurately with our service. This API enables you to the ability to verify account ownership during the supplier and customer onboarding process, as well as before making any payments or collections, ensuring a hassle-free experience.
Main advantages of the Validations API:
Verify any individual and business account holder, both BBVA and other banks in Spain, as long as they participate in the Iberpay Verification Service (99% of verifiable Spanish accounts).
Account owner verification is performed based on the owner’s ID document (Spanish ID, TaxID number (CIF, NIF, NIE) or passport) and provides updated information.
Account verification takes just a few seconds, 24/7.
The Validations API offers:
Use the Validations API to verify account ownership:
This service offers significant value to our clients: it allows them to perform financial operations with enhanced security, minimizing fraud and reducing errors related to their payments and collections."
Miguel Díaz Díaz
Open Banking Product Owner
If you found the Validations API useful, you may also be interested in these options. Or you can refine your search by selecting the country, type of company and sector that best suits your needs.
Spain
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Spain
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Let’s talk
Get in touch with us to find out how our suite of APIs can turn your innovations into reality.
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