7 Features A Payment Validation Service Just Has To Have


Each failed payment processed through a business could cost £50 in charges, time spent fixing the error, resending costs, and exchange rate fluctuations. When looking for a solution, it’s important to make sure the data gathered and checked is as comprehensive and up to date as it can be to avoid any errors.

In total, Validate has saved over £125 million in operational costs for our clients and they’ve never lost a payment.

payment validation service features

To save as much money and time for your business as possible, these are the 7 features a payment validation service needs:


  1. A simple to deploy API and 24/7 self service dashboard to support it

Not only does Validate API (application programme interface) eradicate human and data error it is designed to be simple to deploy and allow  management to check real-time volumes by user, currency and country and show what initial input errors have been avoided or fixed to help tune your solution.

The tool uses diagrams, charts and simple stats to provide the most important, top-level information in an easy to read format.

There’s no digging around for meaningful figures, and it’s accessible at any time of day in any time zone.


  1. Country specific requirements and global coverage

global payment validations

Every country has account structures and requirements , which need to be checked there is no common standard. Validate stays up to date by using global data from official sources some of which are updated every day.

It also makes sure that payment rules for each country are correct  and also provides international holiday data to avoid payment delays across 170 countries and provides Purpose of Payment codes for those countries that mandate them.

Cross-border payments can carry heavy charges if not processed correctly, which the bank will then directly charge to the payer making the transfer. By providing comprehensive data and rules Validate will help you avoid these costs.


  1. IBANs, Non IBAN Countries  and BICs automatically checked

International Bank Account Numbers (IBANs) and Bank Identifier Codes (BICs)  are not the same from one country to the next as each country has its own set of rules for IBAN structures.

The solution will identify an IBAN account across 93 countries and provide the correct BIC, Branch Address and  country code. It will also check the account structure and BIC for Non IBAN countries and provide the detail necessary to make a payment.


  1. Bulk and single payment validation

Whether it’s a single payment, or a large number, the quality of validation must be the same. The Validate API and Validate Data Manager API (for bulk file payments) will check, enrich and suggest fixes for all payment data at once and users have the option to look closer at information on the dashboard to approve those changes.

Daily data updates take place in the background to help make sure each validation is up to date whether it be a single payment or a bulk file.


  1. Tools that are trusted by the biggest brands

The root cause of payment errors can often be as simple as someone typing the wrong information by accident.

The validation API should work seamlessly behind the scenes and make payments and transactions easier for your service users and customers. Validate is already used by major global brands such as HSBC, Virgin Media, EasyJet, Barclays, Carphone Warehouse and AXA, which serve millions of customers worldwide.


  1. Price per validation

payment error costs

Payment validation is about saving money for your business, so it’s important to only pay for what you need. The Validate Data Manager has pricing bands to suit business sizes from 1000 validations upwards.

The larger the volume of payments processed, the lower the per validation cost. This per validation price includes all data and software updates, maintenance, and 24/7 access to the Validate secure private cloud.


  1. A free trial, so you can try it for yourself

It’s essential to see the API’s features for yourself, and test how it amends and manages payment details, adds and deletes users, and monitors all the essentials. Your current environment could be fairly complex, needing the intervention of software engineering, maintenance and daily management.

The Validate API simplifies this, and successfully reduces the hassle of failed bank payments automatically.


Apply Financial’s Validate API uses development tools and real-time analysis to reduce failed payments to zero, and save money for financial institutions and businesses whilst improving the user experience.

Try our Failed Bank Payment Cost Calculator to find out how much your business could be saving in payment errors.

Try Our Free Failed Payment Costs Calculator


Topics: Payment Validation, Payment Processing



We can validate BIC’s for over 220 countries In addition in over 170 countries we can validate domestic and International payment details and suggest changes to help you and your customers stay up to date and compliant with the evolving world of payment legislation and rules. Most of all we continue to add more countries to our Validate solution to present you with the de-facto standard in payment validation.

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