What is Modulus Checking?
What is modulus checking? Modulus checking is a mathematical test that makes sure a sort code and account number combination are valid, according to rules set by the bank. Modulus…
Read more
Just How Secure is the Cloud?
The vast majority of companies now use cloud storage for store some or all of their data, and there are many cloud services available. Apple iCloud, Google Drive, and Dropbox…
Read more
Confirmation of Payee – Coming Soon
What is Confirmation of Payee? Fighting back against bank transfer fraudsters Confirmation of Payee is a new system to be used in online banking that will make the recipient’s name…
Read more
Know Your Customer – What is KYC?
What is Know Your Customer? ‘Know Your Customer’ might sound like a pretty generic expression, but in the financial world, the term has a specific meaning. It is the responsibility…
Read more
Password Security 101
It’s not high-tech, but simple password stealing is the main way that hackers access sensitive information. Humans are always the weakest link in any secure physical or cloud storage system…
Read more
How does BankVal work?
What is BankVal? BankVal is Unified Software’s award winning sort code & account number validation software. It’s an essential cloud-based solution that allows companies to instantly check the validity of…
Read more