What is Bank Wizard

Bank Wizard is a unique solution specifically developed to validate bank account details before submission to an automated clearing system. Designed to be easily embedded within your application, Bank Wizard identifies errors as account details are captured or processed. This allows you to correct errors while still in contact with the customer, significantly reducing the number of rejected payments, which in turn improves customer service and reduces costs.

Bank Wizard has been designed as a flexible framework into which different countries can easily be added. You can either implement an individual country or multiple countries. Experian regularly publishes updated validation data for each country, which you download from the Online Update Service.

Summary of features

Bank Wizard:

validates the format of the account details
validates that the bank and branch exist
performs modulus checking of account details
automatically transposes (converts) account details to the format required for electronic processing
returns information about each branch, including address details
undertakes full modulus and format checking of IBANs (International Bank Account Numbers)
allows users to search across all data fields
returns the Bank Identifier Codes (BIC)
forms the IBAN from the BBAN (Basic Bank Account Number)
validates the BIC against bank and branch details
identifies how the BIC can be used.

Additionally for the United Kingdom, Bank Wizard:

validates Roll Numbers
returns allowed transaction information
returns UK Faster Payment information
if you have Bank Wizard Absolute, verify that the account exists, is active and is connected to the customer.

Example programs and clients in a variety of programming languages are also included with Bank Wizard. Experian recommend that you use these examples as the basis for your implementation.