Finastra Bacsactive-IP with Confirmation of Payee helps businesses reduce fraud, scams, and misdirected transactions by verifying recipient or payer information before payments are processed. The software performs real-time checks with the account holder’s bank to confirm that provided account details are valid, the account exists, and the registered name matches. Finastra integrates this verification capability into Bacsactive-IP through accessible service channels, supporting organizations handling high-value, high-volume, or higher-risk transactions. By adding an additional layer of validation to payment workflows, Finastra helps businesses strengthen payment security, improve accuracy, reduce financial risk, and gain greater confidence when sending or collecting funds.

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