MonitorPay

What does MonitorPay.ai verify?

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.

Which countries are supported?

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).

How accurate is the payee name matching?

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.

Can you confirm account ownership?

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.

Do you check if a bank account is active or closed?

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.

Is MonitorPay GDPR compliant?

Absolutely. We are fully GDPR compliant. We do not store personal or sensitive data beyond whats necessary to complete a verification, and all requests are logged securely for audit purposes.

Do you offer a real-time API?

Yes. Our REST API is designed for real-time use, with sub-second response times and minimal latency. Its used in live onboarding flows, payout engines, and payment approval systems.

What does the API response include?

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].