Collect the details
Capture the beneficiary and account information required for the selected market.
Account Verification
Verify before money moves.
Verify before money moves. Use supported providers to check beneficiary details and catch mismatches before payment.
In short
Account verification checks that a beneficiary's bank details are real, and that the name matches, before a payment is released. Flowmynt runs those checks through the providers you configure. Batch and single checks both work. Mismatches route into account-change risk workflows instead of into a failed payment.
What you can configure
- Beneficiary and bank-detail validation
- Account existence and name matching where supported
- Batch and pre-payment checks
- Account-change risk workflows
How it works
Run configured checks
Request the checks supported by the connected verification provider.
Review the result
Surface matches, mismatches and exceptions before the payment proceeds.
Clear responsibilities. Connected operations.
Flowmynt software
Check orchestration, result presentation and the workflow for reviewing exceptions.
Supported providers
Verification data, supported account checks, coverage and provider-specific matching results.
Integration requirements
Agree your target markets, provider relationships, authentication, data requirements and operating responsibilities before connecting.
Common questions
Why verify a bank account before paying it?
Verification catches mistyped details, closed accounts and account-change fraud before funds leave, which reduces failed payments, recalls and investigation work. Checking at the point of payment is far cheaper than recovering money after it has been delivered to the wrong account.
What is account name matching?
Name matching compares the beneficiary name you hold against the name registered on the destination account and returns a match, partial match or mismatch. Availability depends on the market and the verification provider you configure, since not every scheme exposes the check.
Can verification run in batches?
Yes. Batch and pre-payment checks are both supported, so you can validate a payment file before submission or verify a single beneficiary at the moment of payment, depending on how your operating workflow is configured.
Build the money movement platform your business actually needs.
Start with what you need today. Add more as your markets, products and operations grow.