Do you want to try an API to make secure and seamless transactions as a developer? You should try this one!

The financial industry is one of the most important sectors of the economy. It is essential for almost all businesses and individuals. The banking sector is a crucial component of the economy. It serves as a hub for money flow, both within and outside of an economy. It also serves as a safekeeping for savings, investments, and other assets.

A Banking Information API in this situation enables businesses to accept and process payments from clients on their website or application. Additionally, it offers functions like reporting, fraud detection, and payment processing. Therefore, if you run a business and need to accept payments online, you might want to think about using an API to streamline the procedure. This is so that you may speed up payment by automating the payment process with the aid of an API.

Limitations may apply in this situation to the customer’s bank account with their local bank. Due to these limitations, it could be difficult to make payments because the money might be taken back. To get around this issue, use an API to verify that the account is active and able to take payments before making a payment.

The SWIFT-IBAN-Routing Bank Checker, in our opinion, is the best API for payment processing.

SWIFT – IBAN – Routing Bank Checker API

Thanks to the SWIFT-IBAN-Routing Bank Checker API, developers now have a quick and simple way to check and retrieve information on SWIFT codes, IBAN codes, and routing bank numbers. Financial transactions could be expedited and error rates could be reduced by using this API to swiftly assess and check the accuracy of banking information.

One of the main benefits of this API is its ability to validate SWIFT codes. SWIFT codes, which are used as distinctive identifiers to ease international transactions, must be exact in order to guarantee that money is transmitted to the appropriate individual. Using the Bank Codes Lookup API, you can quickly confirm the validity of SWIFT codes to make sure that money is always sent to the right place.

All You Have To Do To Utilize It Is:

• Go to SWIFT – IBAN – Routing Bank Checker API and simply click on the button “START FREE TRIAL” to start using the API.
• After signing up in Zyla API Hub, you’ll be ready to start using the API!
• Employ the different API endpoints depending on what you are looking for.
• Once you meet your needed endpoint, make the API call by pressing the button “test endpoint” and see the results on your screen.

The “Routing Bank Checker,” “IBAN Code Checker,” and “SWIFT Code Checker” endpoints are accessible through this API. Pick the one that most closely satisfies your specifications for what you’re looking for from among them. The sample below demonstrates how the “IBAN Code Checker” will operate:

{
"status": 200,
"success": true,
"message": "PT50000101231234567890192 is a valid IBAN",
"data": {
"iban": "PT50000101231234567890192",
"country": "Portugal [PT]",
"sepa_country": "Yes",
"checksum": "50",
"bban": "000101231234567890192",
"bank_code": "0001",
"branch_code": "0123",
"account_number": "12345678901",
"check_digit": "92",
"bank_details": {
"swift_code": "BGALPTTGXXX",
"bank_name": "BANCO DE PORTUGAL",
"branch": "SISTEMAS DE PAGAMENTOS",
"address": "AV. ALMIRANTE REIS, 71 EDIFICIO PORTUGAL",
"city": "LISBON",
"zip": "1150-012"
}
}
}

As you can see, the response proves that the bank details and IBAN number are accurate and from Portugal.

The routing bank number is another essential component of financial transactions, and you can quickly verify it with the help of this API. Routing bank numbers are used in the US to identify financial institutions and manage transactions. By making use of our IBAN Codes API to validate Routing Bank Numbers, you may reduce the likelihood of errors and ensure that transactions are carried out promptly and correctly.