Bank Wizard ensures that customer account details are captured correctly – driving Straight-Through-Processing to avoid payment delay and improve service. It is typically implemented within core banking (internet and branch) and financial services product processing applications.
Bank Wizard Absolute further improves Straight-Through-Processing and reduces the increasing threat of fraud associated with Direct Debit and Direct Credit payments.
Bank Wizard for Bill Payments is Experian Payments' unique service and software solution specifically developed for banks and EBPP* suppliers offering telephone or internet bill payment facilities to their customers. It provides a comprehensive and accurate database of information on UK billers, including card operators, telecommunications companies, utilities and local authorities. Bank Wizard for Bill Payments validates the details of customer bill payments at the point they are first entered by the bill payer and prior to submission to the billers bank account.
Bank Wizard for Balance Transfers is a unique service and software solution specifically developed for card issuers and other financial service providers offering their customers balance transfers. It validates the details of credit, charge or store cards at the point they are first entered into the new lender’s system and prior to submission to BACS for Direct Credit to the previous lender’s bank account.
*Electronic Bill Presentment and Payment
provides an enterprise payments platform for Bacstel-IP, ETS (Enhanced Transmission Service which replaced the HST service), SWIFT and SEPA payments for both bank internal systems (ETS) and banks’ customers for accessing electronic payments channels.