Mintly
Mintly provides sort code and bank account validation services for all accounts in UK and Ireland finance institutions. We help businesses of all sizes ensure that payment details are correct and valid, so that payments have a higher chance of success. Based from our office near Ely, we help companies all over the UK and Ireland.
Whether setting up direct debit or faster payments, checking that account details are correct can help make finance processes smoother and help with customer onboarding. Doing a simple check for sort code and account number can reduce that payment being rejected by the bank or BACS during payment processing, resulting in better cashflow and fewer invoices to chase.
The average cost of a failed payment for a business is around £50 according to research by BACS. Mintly helps businesses by offering APIs and a secure portal, allowing bank data to be validated before it has a chance to fail.
Whether your business is small or large, Mintly can help reduce your failed payments and improve cashflow with bank account validation.