For developers

Our Product APIs

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Requestor Service

The outbound 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.

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Responder Service

The inbound 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 Kingdom Requestor

United Kingdom Responder

France

France Requestor

France Responder

Netherlands

Netherlands Requestor

Germany

Germany Requestor

Nordics

Nordics Requestor

Nordics Responder

IN PARTNERSHIP WITH

Pay UK
SEPA Mail
EPC
CBI

WHAT’S IN IT

Product Features

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Compliance & Accreditation

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

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OpenID FAPI/DCR Conformant

OpenID certified FAPI Conformant authorisation Server with Dynamic Client Registration support.

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Cost-Effective

Pricing is based on the usage.

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End to End Implementation

We handle core banking integration and support for channels integration.

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24 X 7 Support

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

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Cross Border Account Verification

Supports cross-border account verifications using multiple schemes.

KNOWLEDGE BASE

Frequently Asked Questions

View All FAQs
  • It is used by payment service provides (PSPs) or their internal teams who wish to test or consume Banfico's Account Validation (Confirmation of Payee / IBAN Check) products. We offer two types of products for multiple countries which are "Requestor" (Outbound Account Validation) and "Responder" (Inbound Account Validation)
  • Requestor is also called Account Validation Outbound Service. It's purpose is to send request to payee bank while performing name checks. Responder is also called Account Validation Inbound Service. It's purpose is to compare the payee details held in the bank database with the details received from the requestor. The result of the name matching is sent back to the requestor using "Global Name Match Result" and various "Reason Codes".
  • Internal Developers are the PSP's internal team who can consume all the API's exposed in the CoP Portal its operations team.
  • External Developers are the participants who can onboard using DCR registration and consume CoP Inbound API. In the lower environments we provide manual registration for testing purposes.
  • CoP / IBAN Check .
    BANFICO LTD
    Company number 11036752
    Get in touch
    1 Canada Square, Level39, Canary Wharf, London E14 5AB
    +44 207 993 4810
    info@banfico.com

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