MarketPlace Providers' Solutions

Apply Financial

Enabling error free processing of single & bulk payments to suppliers, payroll and other recipients

apply-financial-logo

Helping to Send Global Bank Payments Efficiently

The Apply Financial management team are global payments solutions experts with over 80 years combined payments experience. Apply Financial were one of the first Fintech’s in the world to create a cloud and API based solution removing the need for companies to use on premise infrastructure and in house development on validating bank to bank payments, releasing the overhead of managing and collecting global beneficiary data in house. Apply Financial have around 700 clients and 3000 users and in the first half of 2017 have saved their clients over £125million in failed payment costs. Since inception in 2010, they have validated over £100bn of payments and by using their tools their clients have never lost a payment.

Overview

Validate API and Browser

Validate guides banks and their customers in real-time to submit the correct bank payment details saving time and money and dramatically improving Straight Through Processing while eradicating the need of daily data gathering of payment rule updates and compliance. Validate maintains global payment reference data from official sources around the globe. On top of this Validate enhances the customer experience by suggesting corrections to erroneous domestic and international bank payments avoiding human error and saving up to £50 a time for a failed payment. Validate provides domestic and international account and payment validation for over 170 countries, automatically checks and generates IBAN and BICS from domestic account details, up to date global payment rules for compliance, enriches payment instructions with all bank details and standard settlement instructions, suggests all Payment Purpose Codes and country by country requirements, checks global holiday data to notify if a payment may be delayed, provides correspondent bank details and best payment routing.

Validate Data Manager

Validate Data Manager is a powerful data cleansing tool which provides up to date global payment rules and compliance. It can be tailored to automatically check beneficiary details in bulk files and to fix errors caused by human error, bank data changes and changes/additions to payment rules. It can automatically check all account numbers and bank codes and keep them up to date. Enriches with all bank details, such as IBAN, and standard settlement instructions. Can be ‘white labelled’ for banks to provide a seamless service to their clients. Is provided with Validate Self Service and an integrated API and management browser for complete control of your beneficiary data 24/7.

Features

Validate API in a single deployment provides the complete solution to payment validation.

Validate guides banks and their customers in real-time to submit the correct bank payment details saving time and money and dramatically improving Straight Through Processing while eradicating the need of daily data gathering of payment rule updates and compliance.

Validate maintains global payment reference data from official sources around the globe. On top of this Validate enhances the customer experience by suggesting corrections to erroneous domestic and international bank payments avoiding human error and saving up to £50 a time for a failed payment.

Validate provides domestic and international account and payment validation for over 170 countries, automatically checks and generates IBAN and BICS from domestic account details, up to date global payment rules for compliance, enriches payment instructions with all bank details and standard settlement instructions, suggests all Payment Purpose Codes and country by country requirements, checks global holiday data to notify if a payment may be delayed, provides correspondent bank details and best payment routing.

A powerful data cleansing tool that uses both an API and intuitive management browser to provide your business with a seamless real-time application for keeping all your payment data up to date and compliant Whether you are a corporate or Financial Institution you can tailor Validate Data Manager to automatically check beneficiary details in bulk files and to fix errors caused by human error, bank data changes and changes/additions to payment rules.

  • Provides up to date global payment rules and compliance
  • Can automatically check all account numbers and bank codes and keep them up to date
  • Enriches with all bank details and standard settlement instructions
  • Can be white labelled for you to provide a seamless service to your clients
  • Has an integrated API and management browser for complete control of your beneficiary data 24/7

A comprehensive set of tools to help you manage the API deployment, Browser user and Developer user configurations, error messages, real-time volumes by user, currency and country and to keep control of your payment validation in real-time.

The defacto standard in payments validation trusted by the worlds top Banks and Corporates in their online portals, ERP systems, mobile solutions and back office to remove the need for manual intervention and delays with single payments and bulk files.

Resources

Get In Touch