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BankVal International
BankVal International
Overview
SWIFT BIC validation
IBAN validation
ABA number validation
Features
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BankVal International ™ SWIFT BIC validation
BankVal International ™ SWIFT Validation is a web service used to validate SWIFT BICs by checking for their existence in the latest official SWIFT BIC directory.
As BankVal is a web service, this unique functionality can by accessed from within your own systems.
Coupled with IBAN Validation, this service ensures the success of cross border payments and SWIFT transactions
<< How BankVal Works >>Benefits
- Meets SEPA requirements for IBAN and SWIFT BIC code validation before cross border payments are sent
- Ensures cross border payments are not rejected
- Saves time and cost spent manually correcting rejected payments
- Maintenance free because dynamic SWIFT BIC directory is maintained centrally on the BankVal server
- Accurate validation because BankVal uses the most recent SWIFT directory
- Set up in minutes
- Platform independent due to the SOAP web service API
- Customer support, free online technical support from support@unifiedsoftware.co.uk
<< View Demo >>Features
- look up on the latest official SWIFT BIC directory from your own systems
- checks that a SWIFT BIC code is valid and that it actually exists
- returns bank name and address for valid SWIFT BIC codes
- web service enabled functionality
SWIFT BIC Validation, more than just a format checker
Checking the format of a SWIFT BIC is no guarantee of its validity. There are billions of combinations of alphanumeric characters that could theoretically constitute a valid 8 character BIC code in compliance with international standards, but in fact little more than 22,000 codes are actually in use world wide.
The only way to know for sure that a SWIFT BIC is correct is to check against the latest official directory issued by the SWIFT organisation. BankVal International is a unique web service that allows you to do just this, from any point in your systems.
What is a SWIFT BIC code?
S.W.I.F.T (Society for Worldwide Interbank Financial Telecommunications) is the designated registered authority for the assignment and publication of BICs and the BIC directory.
Banks use the SWIFT communications system to send and receive messages to each other.
A BIC (Bank Identifier Code) is a unique reference number or code to identify all banks on the SWIFT network. |
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