CDQ Bank Account Guard
Ensure Accuracy in Global Payments
Seamless and Accurate Transactions Across International Borders
Outdated or incorrect bank account information can disrupt your payment processes, leading to failed transactions and financial inefficiencies. CDQ Bank Account Guard ensures your bank account data is always accurate and compliant with international standards, including IBAN and BIC formats required by SEPA. This not only facilitates smooth transactions but also enhances the onboarding process of new business partners by verifying and enriching their financial data.
Solve Payment Challenges with CDQ Bank Account Guard
Go beyond simply confirming the existence of bank accounts. Verify legitimate usage history and
identify fraudulent patterns effortlessly to safeguard your reputation and ensure compliance.
Key Features of CDQ Bank Account Guard
- Bank Account Curation: Harmonize and standardize bank account data to comply with international banking regulations and improve data management efficiency.
- Local Bank Data to IBAN Conversion: Convert local bank account data to the International Bank Account Number (IBAN) format in selected countries, facilitating error-free international transactions.
- IBAN to Local Bank Data Conversion: Convert IBANs back to local bank data formats in selected countries, ensuring flexibility and compliance with local banking requirements.
- Bank Data Harmonization: Unify disparate bank data across an organization's landscape, ensuring consistency, compliance, and ease of management.
- Bank Data Validity Check: Validate and correct bank data to ensure consistency and proper formatting, addressing common data entry errors and discrepancies.
CDQ Bank Account Guard Highlights
and local banking regulations, reducing the risk
of transaction failures and legal issues.
by verifying and enriching their bank account information,
ensuring accurate and up-to-date data.
preventing errors before they disrupt transactions.
enhancing workflow efficiencies without requiring a dedicated interface.
across different systems, supporting smooth and reliable
financial operations.
CDQ Bank Account Guard in Action
If you maintain bank accounts, they must be verified with the help of CDQ's fraud case pool. As soon as a bank account is flagged in it, no system should accept this fraudulent IBAN.
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