SCHUFA account number check

In our series of articles on the relevant services for the technical implementation of German and international compliance requirements for the gaming market, we begin with the SCHUFA identification process. Within this, the SCHUFA account number check ensures the accuracy of the accounts in order to determine the beneficial owner in accordance with the Money Laundering Act.

SCHUFA account number check for checking the account holder and IBAN in the background

The SCHUFA Account Number Check allows that the account holder matches the IBAN immediately.

After the successful SCHUFA IdentityCheck, the player’s name and IBAN are transferred to SCHUFA. SCHUFA confirms in real time that the account is in the name of the right person.

A successful SCHUFA account number check ensures that the account is true in order to determine the beneficial owner in accordance with the Money Laundering Act. Transmission of the access PIN via the 1-cent real-time transfer is possible.

After SCHUFA IdentityCheck Premium, the subsequent SCHUFA BirthdataCheck, SCHUFA Account NumberCheck and 1-cent real-time transfer with PIN, the user’s identity is confirmed in just a few seconds.

Transactions are billed via your individual SCHUFA contract.

Your advantage:

• Fully automated match of IBAN and account holder in the background
• IBAN pre-validation in real time
• Reliable and comprehensive database
• Customisable evaluation classes according to SCHUFA product data sheet
• Valuation result available at any time
• Procedure recognised by supervisory authorities

Benefit from fully automated account number checking to verify account details from payment transactions, even beyond the identity check. Well over half of all successful ID checks include the SCHUFA account number check in the ID process.

Top conversion by means of:

• Second and third entry retries on failed initial attempts
• Extended character mapping
• IBAN pre-check including account number and sort code conversion
• File processing (batch)
• Web service queries
• Fail-over mechanisms and queuing.

Take advantage of our experience in the successful design of this service!

Outlook

In the next episode, we will describe the 1-cent real-time transfer from insic, integrated into the SCHUFA identification process.