This solution utilises Loqate (previously known as Postcode Anywhere) functionality to ensure bank account data is accurate at the point-of-entry.
Once bank account details are verified the system will provide further information, in the form of populated fields, such as bank name, address, contact details and whether the bank account supports direct debit payments.
A separate Loqate subscription is not required, and the solution will come with a set number of Loqate lookups each month.
Save money by avoiding the re-processing of payments due to incorrect information.
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Find out more: www.preact.co.uk/solutions-hub/loqate-bank-validation