PRODUCTS AND SERVICES
Check IBAN
Credit: Irina Kiro
Project vision
This is the service that provides entities with a function for checking the IBAN communicated by the recipient of a benefit. A system by which administrations can validate in real time the IBAN matched to the Tax Code provided by a citizen or business.
Advantages
FOR CITIZENS
The service ensures certain and immediate payments to the accounts of citizens and businesses for benefits and facilities granted by the state. The service can thus be used to disburse non-refundable bonuses to eligible individuals. The mechanism cuts down the waiting time for recipients of allocations, ensuring that the amounts are properly credited.
FOR THE COUNTRY
The service makes it possible to overcome the current verification process based on paper attestations and to prevent operational risks in PAs due to the improper channeling of funds to parties other than the actual beneficiaries. In addition, Check IBAN, ensures the reduction and certainty of IBAN validation time.
HOW TO USE IT
To use Check IBAN, you must first sign the standard agreement, and then the specific agreement with the additional terms and conditions and related documentation. Below you will find the documentation you need to use the service: