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Our Product APIs

Requestor Service

The Requestor service provided by or on behalf of payer's PSP that requests validation of the payee's account name and other account information to the payer before they add them as beneficiary or initiate a payment. It provides greater assurance that the payment will reach it’s intended recipient, aiding reputation.

Responder Service

The Responder service provided by or on behalf of payee's PSP that validates and confirms the payee name and account details details to the payer that they are paying the correct payee. Avoid liability by properly informing the payee organisation if there is a match.

United Kingdom

United KingdomRequestor

United KingdomResponder

France

FranceRequestor

FranceResponder

Netherlands

NetherlandsRequestor

Germany

GermanyRequestor

Nordics

NordicsRequestor

NordicsResponder

IN PARTNERSHIP WITH

EPC

WHAT’S IN IT

Product Features

Compliance & Accreditation

Regulatory compliant & accreditation ready solution as per respective specifications in all applicable countries.

End to End Implementation

We handle core banking integration and support for channels integration.

Cost-Effective

Pricing is based on the usage.

Flexible Deployments

We offer our services as SaaS and through On-premises solutions as well.

Cross Border Account Verification

We have RVM service across Europe and also Single gateway service within EU or Global.

24 X 7 Support

Enterprise-grade ITSM tool with follow-the-sun model.

KNOWLEDGE BASE

Frequently Asked Questions

View All FAQs

  • It is used by payment service provides (PSPs) or their internal teams to test or consume Banfico's Account Validation (Verification of Payee) product. We offer two types of products for multiple countries which are "Requestor" (Outbound Account Validation) and "Responder" (Inbound Account Validation)

  • The purpose of Requestor is to send request to payee bank while performing VOP checks. The purpose of Responder is to compare the payee details held in the bank database with the details received from the requestor. The result of the name/ID matching is sent back to the requestor using "Global Name Match Result" and various "Reason Codes".

  • No, only test/mock data can be used for testing in the Sandbox environments. For personalised/custom test data, please contact info@banfico.com.

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