ValiData - The complete validation package

ValiData allows you to instantly check bank sort codes and account numbers, thereby allowing you to amend any incorrect bank details before the file is transmitted to BACS. It is now a requirement for Direct Debit Originators to check their data prior to transmitting to BACS.

This validation will save you time and money as it will help reduce the number of incorrect records rejected by BACS for processing.

Key benefits:

• Speeds up the signing of Direct Debits over the phone or internet
• Reduces number of rejected new Direct Debit Instructions
• Reduces chance of fraudulent applications
• Less amendments, cancellations and unpaid collections due to incorrect data
• Reduces risk of unapplied or wrongly applied BACS credits
• Administration and staff time reduced with less queries and complaints

The logic used to check the details is available in two forms. Log on to the ValiData website and check the details online, or integrate the web service into your existing database or accounting solution (whether that’s PC, PDA or smart phone-based) and check the details from within your solution.  Please contact us for more information.