Account Name Verification is a tool for finance teams to verify account details with greater assurance.
– AccessPay Finance Trends Report 2025 | Read more ➜
Easily cross-reference account names, sort-codes and account numbers, with immediate alerts to confirm if bank account details match, or not.
Seamlessly integrated into your payment operations, Account Name Verification offers greater assurance that your payments will reach their intended recipients.
Catch erroneous payee details before payments are sent.
Onboard new payees with ease via embedded individual and bulk ANV checks.
Continuously verify details to ensure you stay compliant with regulatory requirements.
Account Name Verification acts a powerful defence mechanism against fraud.
It helps you identify phishing and app fraud, enabling you to catch fraudulent attempts before payments are processed.
By integrating Account Name Verification into your processes, you protect your financial security and reputation.
Pair it with Payment Screening and Sanctions Screening for a multi-layered approach to fraud prevention.
Ensure account accuracy when onboarding new payroll and supplier beneficiaries and reduce the occurrence of erroneous payments.
Account Name Verification (ANV) reduces your reliance on bank portals, saving you significant time across your full payment process.
Streamline the account verification process with bulk Account Name Verification checks or by embedding ANV checks directly into your workflows via API.
Continuously verify account details to ensure you stay compliant with regulatory requirements.
Account Name Verification can handle large volumes of beneficiary data and therefore reduces the time spent on this process, whilst ensuring a more accurate outcome.
Our bulk checking capability offers a more efficient, and compliant approach which is recognised and approved by regulators.
Account Name Verification is a core feature of the Fraud & Error Prevention Suite in the AccessPay platform, and is also available as a standalone service, giving you full flexibility to add account name checks across your full payment process.
You can easily perform individual or bulk checks as little or as often as you need. Account Name Verification supports your efforts to mitigate against the threat of Authorised Push Payment (APP) fraud and helps you identify errors in your payment files, increasing the accuracy and security of your payments.
"The rise of authorised push payment (APP) fraud has become a significant concern for businesses across the UK and beyond. In fact, according to UK Finance ‘more than £500 million was stolen via APP fraud from businesses in 2022 alone.’"
Sean Moriarty
Chief Financial Officer at AccessPay
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AccessPay’s Account Name Verification Service works with your bank to enable
1. Enter details of the single beneficiary you wish to pay.
2. Result displayed for you to decide whether to proceed with the payment.
Note: Single checks can now be performed within your own systems at the point of adding a new beneficiary, via our external API.
If doing multiple checks, use a .CSV template as recommended by AccessPay to populate beneficiary.
1. Output a .CSV file from your finance system based on the template provided.
2. Upload the file within the AccessPay platform.
3. Results ready for you to view in the Results Table to decide whether to proceed with the payments or not.
Integrate Account Name Verification directly within your existing tech-stack via our API connector.
The API allows customers to perform standardised checks against payee account details at the point of adding a new beneficiary to your systems, for seamless and secure financial operations.
"We have about 35 bank accounts integrated with AccessPay. We use it for BACS, Payroll if there’s a same-day payment to make, and our Accounts Receivable team will use it to call in any Direct Debits payments that they’re taking. So it’s well-used, by at least three different departments within the business.’"
David Baggley
Treasury Accounts Manager at Maria Mallaband Care Group
Get in touch with one of our experts by completing our contact form.
Account Name Verification is a feature of AccessPay’s comprehensive suite of capabilities designed to enhance your payment security.
Pair Account Name Verification with Payment Screening and Sanctions Screening for full protection across your payment operations.
AccessPay also offers Audit Trails, Reports and Multi-Factor Authentication / Single-Sign On options.
After switching banks and needing to find a third-party system that could offer a smooth transition,...
At AccessPay, we’re committed to helping you de-risk your financial operations and enhance your internal control mechanisms.
Complete the form to schedule a free consultation with one of our bank connectivity specialists.
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