Experian Payments (formerly known as Eiger Systems) provides market-leading software and services to meet the requirements of organisations implementing strategic payment solutions. Focusing on the specific problems of data validation and payment processing, they have acquired unrivalled expertise in these areas. Experian Payments is also the European market leader in the development and supply of data validation and payment processing software to support automated banking and e-commerce.

Experian Payments’ platform-independent solutions enable organisations to improve the efficiency of their entire payments process and help to address three of the most important issues facing all organisations: cost control, risk management and customer service improvement, all of which can be improved and maintained through the minimisation of payment errors.

Experian Payments solutions are recognised as leading products within several market sectors such as finance, utilities, telecommunications, insurance and government.

These solutions are developed to meet the needs of organisations with complex or mission critical payment processes, interfacing easily with existing business applications and main operating systems. Experian Payments works in partnership with its customers, banks and leading industry bodies, providing detailed technical resources and in-depth support whenever it is required. Ensuring customer demands and requirements are efficiently met and amended to reflect their specific changes.

Experian Payments solutions have been implemented globally and have been chosen by many of the largest and most innovative users of strategic payment solutions. Experian Payments' customers include many of Europe’s clearing banks, insurance companies, telecommunication providers and energy utilities. These companies include BT, Egg, Nationwide, Norwich Union, RNIB, Scottish Power, Carphone Warehouse and Standard Life. In addition, they supply products and services to a significant number of building societies, charities, local authorities and central government departments. Through its Partner Programme, Experian Payments works with a variety of partners ranging from specialist application providers to leading system integrators, banks and consultancy firms. Partners have access to comprehensive training, technical support and consultancy to ensure that the benefits of our solutions are fully realised by all parties.

Summary of Bank Wizard

Bank Wizard is Experian Payments' unique service and software solution specifically developed to undertake bank account validation. Designed to be easily embedded within existing applications, Bank Wizard ensures that errors are kept to an absolute minimum. The solution allows users to check the validity of bank details prior to submission to an automated clearing system such as BACS or EBA STEP 2.

Summary of features:

Supports bank account validation for many countries.

Performs full modulus checking of bank account numbers, branch and bank codes.

Forms IBANS (International Bank Account Numbers) from valid domestic details.

Validates BICs (Bank Identifier Codes) and IBANs.

Highlights errors and provides warnings to prevent the submission of invalid bank details.

Automatically transposes (converts) non-standard account details for domestic clearing systems.

Eiger website