Payment data validation also includes another important step in bank validation, the IBAN number to BIC Code conversion ( BIC Codes are managed by SWIFT network ). In short it is the ability to determine the correct BIC code from a given IBAN number.
What is the definition of IBAN? The IBAN consists of up to 32 alphanumeric characters, comprising a country code, two check digits and a long and detailed bank account number used in bank wire transfers. The IBAN structure is defined by the international standard under ISO 13616-1:2007 and check digits are performed using MOD 97 (ISO 7064). The individual countries and formatting are described in the official ISO IBAN registry Examples.
The IBAN checker engine supports 97 total countries and all 37 SEPA countries. Our system can respectively identify 97 distinct data structures and perform IBAN format, check digit and length validations.
Increasing the success rate of payments is critical to provide higher quality financial services. Automating payment validations can greatly reduce the loss in bank fees for failed/bounced payments. Both enterprises and small businesses can benefit by our service with our cost-effective pricing plans.
The downside of international transfers with your bankA notice for our annual SSL certificate renewal for our production hostname: api.iban.com
We have renewed our certificate until 03 January 2027 accordingly.
The...
We have extended the supported countries by our Bank Account Verificaiton ( BAV ) service to include Austria, Belgium, Cyprus, Germany, Estonia, Spain, Finland, France, Greece,...
READ MOREEuropean Union introduces regulation and procedures for Verification of Payee (VOP).
VOP is a procedure...
A notice for our annual SSL certificate renewal for our production hostname: api.iban.com
Current certificate is due to expire on 30 December 2024
We have renewed...
We are updating the pricing for some of our services and plans.
The new pricing will come in effect from From 1 March 2025.
You can find the updated product...
Our IBAN Suite service's IBAN Validation API now supports detecting SEPA INST participation for TIPS network.
The new feature can be enabled by passing the sci_tips flag with...
The Sultanate of Oman is officially adopting the IBAN standard.
At www.iban.com we have already implemented rules and data for validating IBANs issued by banks in the...
We are happy to introduce a new service to our portfolio. After a long period in development our VAT Suite service is now available for our clients.
The VAT Suite service...
As of 27th March 2023, the use of IBAN across all transactions going through the National Payment System (NPS) have been successfully adopted by all banks in Somalia. Without delay...
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