Account Name Verification is a bank account verification service designed to help finance teams verify bank account names, sort codes and account numbers with greater assurance. It reduces the risk of misdirected payments, prevents fraud, and improves the accuracy of your full payment process.
Easily cross-reference account names, sort-codes and account numbers, with immediate alerts to confirm if bank account details match, or not.
With Account Name Verification, you can:
Catch incorrect or suspicious payee details before payments are sent.
Identify risks related to APP fraud, phishing attempts and incorrect account information.
Onboard new suppliers and payroll beneficiaries faster using individual or bulk ANV checks. Reduce dependency on bank portals and streamline the process using embedded verification or API-based checks.
Support regulatory compliance by continuously verifying account details at scale. Bulk verification ensures a more accurate, regulator-recognised method of validating beneficiaries.
Account Name Verification is a powerful defence mechanism in your fraud-prevention strategy.
Identifies indicators of phishing, impersonation, and Authorised Push Payment (APP) fraud)
Validates payee information before any funds are released
Strengthens financial security and supports reputational protection
Pair Account Name Verification with Payment Screening and Sanctions Screening for a multi-layered approach to fraud prevention.
Ensure accurate account information when onboarding payroll or supplier beneficiaries.
Bulk Account Name Verification allows large-scale checks, while API integration supports real-time verification directly within your existing systems.
Continuous verification is essential for meeting current regulatory expectations.
The bulk-checking capability offers a compliant, scalable, and regulator-approved approach to verifying account details.
Account Name Verification is a key capability within the AccessPay Fraud & Error Prevention Suite, and can also be deployed as a standalone service.
ANV strengthens your entire payment process from onboarding to final approval.
"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 in partnership with your bank to validate payee details efficiently.
1. Enter the details of the beneficiary you want to pay
2. ANV matches the name, sort code and account number
3. The result is displayed immediately to help you decide whether to proceed
API-enabled single checks:
You can now perform single checks directly within your own systems at beneficiary creation, using our external API.
If you need to verify multiple beneficiaries at once:
1. Export a .CSV file using AccessPay’s recommended template
2. Upload the file to AccessPay
3. Review the results table, which highlights matches, mismatches and alerts
Bulk checks are ideal for payroll runs, supplier onboarding, audit cycles and ongoing compliance.
Integrate Account Name Verification into your existing financial systems using our API connector.
This delivers a seamless, secure, and scalable verification process.
"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.
Combine ANV with:
for a fully protected payment environment.
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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