Instant Account Verification for
Cross-Border
Payments
Send payments without the guesswork. Nium Verify
enables instant validation of beneficiary accounts in
over 50 markets. Eliminate payment failures and avoid
fraud to transact with confidence.
Nium Verify Instantly Verifies
Accounts Across Borders
No need for beneficiary intervention.
Nium
Customer
Send information
Send
information
Instant verify
Instant verify
Bank
Bank
Bank
Secure your global payments
For global businesses, it's essential to know who you're sending money to and that your payments are accurate. However, with regulators and payees pushing for real-time payments, traditional verification methods struggle to keep up, raising the risk of errors and fraud.
Traditional verification methods are slow and opaque
1. Create a new
beneficiary
2. Send a test
transaction
1-2 days
1-2 days
3. Beneficiary receives
the penny
2-3 days
2-3 days
4. Beneficiary
confirms
Secure your global payments
For global businesses, it's essential to know who you're sending money to and that your payments are accurate. However, with regulators and payees pushing for real-time payments, traditional verification methods struggle to keep up, raising the risk of errors and fraud.
Traditional verification methods are slow and opaque
1. Create a new
beneficiary
2. Send a transaction
1-2 days
3. Beneficiary receives
the penny
2-3 days
2-3 days
4. Beneficiary
confirms
Nium Verify Instantly Verifies
Accounts Across Borders
No need for beneficiary intervention.
Nium
Customer
Send
information
Instant verify
Bank
Bank
Bank
Targeted, Accurate Payments
-
Instant verification via API before payment initiation.
-
No beneficiary intervention needed—no penny drop
required. -
Real-time validation across key currencies
including MYR, PKR, IDR, SGD, INR, AUD,THB,
and VND, with more to come.
Flexible Implementation
Whether you’re verifying accounts before creating a beneficiary or adding beneficiaries while processing payouts, Nium Verify seamlessly integrates with your existing payment systems.
-
Standalone Verify API
Verify account details and receive instant status updates
(verified/not verified). -
Adding New Beneficiary
Automatically verify beneficiary details during creation and flag any
issues immediately.
Reduce Returns and Improve
Customer Experience
Incorrect account information is a leading cause of payment failure,
with failure rates often ranging between 10-15%. Verify ensures real-time validation of account details, reducing failure rates and preventing delays.
-
Retrieve correct account holders' names from their registered bank, ensuring payment details match.
-
Stay fully compliant with EU and UK payment verification regulations
-
Reduce settlement delays by up to 5-7 days.
Hear how businesses scale with Nium
Worldpay processes over 50 billion transactions for an estimated value of $2.3 trillion, and ensuring these payments reach their intended recipients is a top priority. Nium Verify is one of the only solutions on the market that allows us to verify account ownership in real-time across multiple markets, potentially saving us millions in costs associated with reconciling misdirected payments. We’re looking forward to integrating this technology into a seamless customer experience that reduces payment failures, mitigate fraud, eliminate manual verification, and improves operational efficiencies.
-John McNaught, Head of Payouts at Worldpay
At ORO, our goal is to humanize and streamline procurement for large enterprises, and a big part of that charter lies with supplier-related risk management. Nium Verify can help support that goal by enhancing the efficiency and security of our customers’ global supplier payments, where fraud is a common concern. The ability to instantly validate beneficiary account details is a game-changer for our customers, and the real-time process can help them with improved efficiency and compliance, while adding confidence to global B2B transactions.
-Sudhir Bhojwani, CEO at ORO Labs
The additional markets for which Nium is able to provide data coverage will expand Confirm’s significant global reach even further, providing incremental value to inquiring participants on the network without requiring any incremental technology uplift. This is in line with Confirm’s goal to provide global account verification services through a single, secure network. We are excited to partner with Nium to provide additional value to our participants and make the global payments ecosystem more efficient.
- Zack Chestnut, Global Head of Business Development for Kinexys Liink and Kinexys Digital Payments
Ready To Accelerate Your Global Business Growth?
Connect with our experts to explore use cases based on your industry, discuss customized pricing, and answer any questions you have.