Guarantee the security and protection of your personal information and transactions. In addition, you can determine the legitimacy of a business by verifying the company’s financial data.
The third-party APIs are available in a variety of programming languages and protocols, allowing them to be integrated into a wide range of applications and business processes. More specifically, they can be accessed using HTTP, HTTPS, or TCP/IP protocols.
Thanks to them, you will have current information about the bank account number, which is also known as the International Bank Account Number (IBAN) and the country code. This data will enable you to identify financial transactions, validate account numbers, and determine if bank accounts are linked to each other. .
It also has a significant impact on the security of your financial transactions. You must confirm both the identities of your account and your intended recipients before making any transfers via a third-party provider. These APIs enable online payment solutions like PayPal to securely manage electronic transfers between users around the world using bank account information that you do not have access to. If you have any doubt related with financial transaction, use this API to grant on your doubts before starting anything.
As for its implementation, it is extremely easy and will take you only a few minutes to complete if you follow our recommendations to the letter. All it takes is for you to sign up for an account, get an access key (secret key), and then paste the code in the authorization section of the relevant banking platform.
We have created this article so that you may learn how to use this great tool. Keep reading!
What Is An IFSC Code?
The International Bank Account Number – better known by its acronym IBAN – is a standardized numerical system for identifying bank accounts across Europe and Northern Europe. It was developed as a result of cooperation between all of the European countries in order to simplify financial transactions across national borders and standardize account numbers internationally. Its main objective is to facilitate cross-border payments within Europe by avoiding the need for manual entry of account numbers in cheques and payment orders.
This identification system is applied to all accounts in Euros within the EU as well as those located outside the EU but open in Euro currency in countries that use Euros as legal tender for their own currencies (such as Montenegro), without requiring changes in account numbers according to their location. It also applies to bank accounts located outside Europe with a Euro
This API will help you to validate any IFSC code that you need. Validate IFSC Code of beneficiary Bank Branch before making payment. Be sure before making any transactions.
You can check IFSC Code Validator API for free here.
