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Confirm the Right Recipient — Before Every Payment
MonitorPay verifies that the name you’re paying matches the actual account holder — individual or business — so you send funds with confidence.
Trusted by 289,000+ businesses
What’s Verified
Ensure every transaction is backed by verified identity data. MonitorPay uses advanced cross-referencing algorithms to compare your payment instructions against live banking records. By verifying the relationship between the payee name and the account holder in real-time, we provide the certainty you need to prevent fraud and eliminate misdirected payments.
Payee Name vs. Account Holder
Matches the name entered against the official account owner — in real time.
Supports Businesses & Individuals
Works across legal entities, freelancers, sole traders, and personal accounts.
Intelligent Matching Logic
Handles abbreviations, nicknames, casing, accents, and common misspellings — with support for transliteration.
Direct from the Source
Each check returns:
- Exact Match
- Close Match
- Mismatch
Along with a match score and recommended action.
Why It Matters
Used by finance, compliance, and onboarding teams to verify identity before releasing funds — not after something goes wrong.
Prevent payments to the wrong recipient
Catch impersonation and spoofing attempts
Reduce manual approval steps
Strengthen your internal controls and compliance posture
Ideal For
Built for the speed of modern business. MonitorPay empowers finance, procurement, and product teams to verify identities and bank details instantly. Join leading marketplaces and financial institutions in standardizing global account verification to reduce failed payments and guarantee that funds always reach the right recipient.
Finance & Treasury
Ensure payout accuracy before releasing funds
Procurement
Confirm vendor identity during onboarding
Fintechs & PSPs
Verify payees during account linking or merchant approval
Marketplaces
Validate freelancers and sellers before first payout
Try Payee Name Verification - 100 Checks Free
Make name matching part of your payment process — seamlessly, in real time.
Start with 100 free verifications — no credit card, no monthly commitment.
Only pay at the end of the month based on usage.
Pricing starts as low as €0.10 per check, with volume-based discounts available.
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Moventa Logistics
Moventa Logistics operates a network of over 4,000 carriers and subcontractors across Europe. From small independent freight operators to large cross-border transport providers, their operations depend on accurate and timely payments to ensure smooth service delivery.
Frequently asked questions
We verify IBAN structure, payee name matching, account ownership (individual or business), VAT registration status, and — for enterprise clients — ongoing monitoring of previously verified data.
MonitorPay supports IBAN and VAT verification across 150+ countries, including all of Europe, the UK, Canada, Australia, Brazil, India, and more. Country-specific availability may vary by product (e.g., ownership verification coverage depends on data access in that region).
Our payee matching uses intelligent logic, including fuzzy matching, transliteration support, and confidence scoring. It reliably detects exact, partial, and incorrect matches — even in edge cases like swapped name order or minor typos.
Yes. Our Account Ownership Verification feature confirms the legal owner of a bank account (person or business), sourced directly from trusted banks or official registries. This is ideal for KYB and large transfers.
Yes, we offer Account Status Checks for selected countries. This feature confirms whether an account is currently open, dormant, or closed — helping you avoid failed payouts.
Absolutely. We are fully GDPR compliant. We do not store personal or sensitive data beyond what’s necessary to complete a verification, and all requests are logged securely for audit purposes.
Yes. Our REST API is designed for real-time use, with sub-second response times and minimal latency. It’s used in live onboarding flows, payout engines, and payment approval systems.
Each verification returns structured JSON data, including validation status, match scores, metadata (like bank name or VAT holder name), and actionable risk indicators. Full schema is available in the [API docs].
Yes. Every client has access to a secure MonitorPay Dashboard, where you can track API usage, manage keys, export logs, and review verification outcomes.
Yes. We offer a bulk validation endpoint that supports verifying thousands of IBANs, payee names, or VAT numbers at once via API or secure file upload.
Most customers integrate the API in under one day. Our docs, SDKs, and dedicated support make it fast and frictionless — even for complex flows.
For enterprise clients, we offer continuous monitoring with webhook alerts. You’ll be notified in real time if a previously verified IBAN or VAT number changes status, becomes inactive, or no longer matches the original entity.
Start your business journey better with MonitorPay
Schedule a 30 minute call to discuss your priorities and long term goals.
Enterprise-Grade by Default
MonitorPay is engineered for enterprise-level demands, integrating security and compliance into its core. Our API-first architecture provides total flexibility, while our strict "no-storage" policy for sensitive data removes your risk. Built to exceed GDPR, PSD2, and AML requirements, it’s the robust infrastructure your business can build on.
GDPR
Compliant
PSD2
Ready
AML
Ready
API-First
Architecture
No Storage of
Sensitive Data
GDPR Compliant
PSD2 Ready
AML Ready
API-First Architecture
No Storage of Sensitive Data
Trusted by Leaders in Finance & Global Commerce
See why teams at FinTechs, Marketplaces, and global corporations rely on MonitorPay.ai.
"Integrating MonitorPay.ai was a game-changer. We've cut payment failures by over 90%, reducing costs and improving customer satisfaction. The data's reliability is second to none."
Sarah Chen
Head of Payments, NovaPay
"MonitorPay's Account Ownership Verification is the final layer of assurance we need before dispatching large B2B payments. Confirming ownership against official records gives my team confidence."
David Miller
Global Treasury Manager
"Onboarding thousands of sellers was a compliance bottleneck. MonitorPay's API automated our entire verification process. We now onboard faster, with greater confidence and a full audit trail."
Markus Weber
CCO, EuroTrade Market
"We needed a robust verification tool for our merchants. MonitorPay's API was simple to integrate, and their direct data access gives us a huge quality advantage. We launched a critical feature in weeks, not years."
Elena Ricci
Lead Product Manager