Payment file validation service

The payment file validation service (PFVS) offers a simple solution for testing and validation of corporate-to-bank payment files during the client onboarding process at financial institutions. The PFVS can also provide bank-to-corporate simulated responses for these payment files. This bilingual service significantly reduces the time required for payment file testing from several weeks to mere days while enhancing both efficiency and accuracy.

Automate and simplify payment file testing

The PFVS is fully automated to allow for seamless, self-directed file validation and supports Canada’s industry-wide transition to data-rich payments and ISO 20022 payment standards.

Easier and faster client onboarding

Find out how the PFVS automates and simplifies payment file testing for banks and their corporate clients.

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Discover the benefits of the PFVS

A proven solution

Embedded sample files, implementation guidelines and validation rules allow your clients to create, test and validate files against payment standards and bank's business rules.

Simple payment file validation

Validate any payment file in XML or non-XML format in seconds, identify and edit errors and replace manual processes with a convenient bilingual online tool.

Faster onboarding

Significantly shorten the timeline for client onboarding by automating the validation of corporate-to-bank payment files and reducing file validation processes to a few days

Reduce manual interventions

Empower your clients to independently validate payment files and generate simulated responses 24 hours per day, reducing dependency on resources while you monitor their progress.

Safe and secure

The PFVS is a cloud based application and not connected to the systems or live data of financial institutions. Plus, all uploaded payment files are deleted when a session is completed.

Scalability

The PFVS is designed to meet the specific needs of financial institutions, offering scalability to support various operational sizes, payment file types and complexities.

Meeting your needs

In this panel discussion, hear how the PFVS empowers clients and quickly transforms resource-heavy payment file validation processes into an easy and convenient online experience.

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Elevate your client onboarding process and experience

Find out how the PFVS can advance your institution's payment implementation process capabilities and ensure you remain at the forefront of financial technology advancements.

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