Get Payments Right, Before They’re Sent
Real-time pre-payment verification for cross-border and domestic payments that increases straight-through processing, reduces costs and builds trust and confidence into every transaction.
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LexisNexis® Bankers Almanac® Validate™ is a real-time pre-payment verification solution designed for modern payment operations, helping ensure payment data is more accurate, complete and ready before a transaction is sent.
By helping verify payment details at the point of entry, Bankers Almanac® Validate™ enables organizations to prevent downstream payment failures, reduce friction, streamline workflows and improve customer experience and trust.
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By helping verify payment details at the point of entry, Bankers Almanac® Validate™ enables organizations to prevent downstream payment failures, reduce friction, streamline workflows and improve customer experience and trust.
Getting Payment Data Right Matters More Than Ever
When payment information is inaccurate or incomplete, organizations face avoidable payment failures, repair costs and customer frustration.
$195T
in global account-to-account transaction value is projected by 20301
in global account-to-account transaction value is projected by 20301
$12
average cost to repair/reject failed payments2
average cost to repair/reject failed payments2
90%
of financial institutions indicate their STP rate has a strong or moderate effect on customer retention2
of financial institutions indicate their STP rate has a strong or moderate effect on customer retention2
What Makes Us Unique?
Unlike traditional verification tools or manual processes, Validate™ delivers real-time, decision-ready verification at the point of payment, enabling organizations to make confident payment decisions, not just verify data.
- Global Coverage and Scale - Consistent, high-quality banking data across 195 countries and 65,000+ institutions, without requiring counterparties to join or participate in a network.
- Real-Time Decisioning at the Point of Payment - Verify payment details in less than a second before funds are sent.
- Flexible Integration - Integrates easily into payment workflows via API or portal.
- Robust Accuracy and Compliance Support - Auto-populates key payment fields like IBAN, BIC, ABA routing numbers, bank and National Clearing Codes while guiding users to help meet country-specific formatting and compliance requirements, including ISO 20022, Nacha and FATF.
- High Quality, Continuously Updated - Built on curated, continuously maintained data across 300+ data points, helping ensure accuracy and consistency.
- Built-in Controls via an Easy-to-Use Interface - Configure payment controls, alerts and sanctions screening with no-code tools.
- Transparent Reporting & Insights - Track verification outcomes and measure operational savings.
How Does Bankers Almanac® Validate™ Work?
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1. Enter Payment Details Payment data is captured within your workflow. |
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2. Verify in Real Time Payment details are instantly checked and verified against trusted global data. |
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3. Receive a Clear Decision A response is returned in seconds, with enriched insights to flag unclear or incomplete data and provide relevant context. |
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4. Execute with Confidence Verified payment instructions flow straight through for faster, frictionless processing. |
Whether onboarding vendors, executing payments, processing payroll or maintaining payment data, organizations can improve payment accuracy and efficiency across the payment lifecycle.
Proven to Deliver Measurable Payment Outcomes
“We chose to work with LexisNexis® Risk Solutions due to the level of automation that their Bankers Almanac Validate product provides us. The API was simple to integrate and easy to customize using the free management application. This tool gives us full control of the API and visibility over transactions. The solution enabled us to reduce our failed payment costs.”
- Patryk Domoń, CEO, Cashhome
Enhance Payment Confidence Through Payee Verification
LexisNexis® Bankers Almanac® Validate™ Safe Payment Verification adds an additional layer of assurance by helping to confirm that payments are directed to the intended recipient, reducing APP fraud risk and misdirected payments. Available as a standalone, or extension to Validate, our solution enhances payment confidence across the payment lifecycle.
Bring More Accuracy, Control and Confidence to Every Payment.
Contact Us to Learn How We Can Help You
LexisNexis® Bankers Almanac® Validate™ Frequently Asked Questions
Bankers Almanac® Validate™ is hosted on Amazon Web Services, based in UK&I.
No. The full coverage list can be found here.
Yes. All Bankers Almanac® Validate™ customers have access to this routing information.
Where the data is issued on a schedule, for example in the U.K. and Germany, we follow that schedule. Where there is no specific schedule, we monitor weekly to capture any changes.
In total, we provide payment purpose codes for over 100 countries. The full list is available here.
Around 80% of these countries need specific pre-defined codes, such as United Arab Emirates and Russia, which we provide. The other 20% of countries, such as the Philippines and Argentina, require a description but do not give specific code requirements. In these cases, we provide our own best practice code lists.
Around 80% of these countries need specific pre-defined codes, such as United Arab Emirates and Russia, which we provide. The other 20% of countries, such as the Philippines and Argentina, require a description but do not give specific code requirements. In these cases, we provide our own best practice code lists.
Customers have been able to create a proof-of-concept integration in as little as an afternoon. It is easy to integrate because we provide all API documentation online, including instructions and examples.
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Sources:
1. Juniper Research, A2A Payments Market 2025–2030
2. LexisNexis® Risk Solutions, True Impact of Failed Payments Report