Verification - Valitic

Verify bank account holders in real-time

Streamline your payments and collections without compromising security: validate the bank account holders of your customers, suppliers, and employees instantly.

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What is Valitic?

Valitic is the fastest, most secure, and modern way to verify a bank account holder verification in Spain. Developed by Iberpay and accessible through Devengo, this service allows you to check in real-time whether an account (IBAN) actually belongs to the person claiming to be its holder. No paperwork. No friction. No risks.

Intelligent Fraud Prevention

Protect your collections and payments against fraud, defaults, and identity theft.

Replace bank account holder certificates

Validate account holders with official, up-to-date data. No PDFs or manual processes.

Secure payments and reduce errors

Protect every payment, especially high-value ones, minimizing risks and chargebacks.

Continuous, frictionless service

Verify over 88 million Spanish accounts, with an average response time of 1 second, 24/7, 365 days a year.

Main Use Cases

Lead your sector with advanced verification technology - Reduce risks, avoid errors, and improve operational efficiency without adding complexity.

Digital Customer Onboarding

Eliminate onboarding barriers: validate instantly without user intervention and improve conversion.

Gaming and Gambling

Comply with regulations in high-risk sectors and streamline payments while improving player experience.

Recurring Payments

Avoid failed direct debits from the start in telecommunications, gyms, utilities, and subscriptions.

Insurance

Prevent defaults and fraudulent claims by verifying accounts from contract signing.

Batch Verification

Update and verify thousands of accounts massively with total confidence and accuracy.

Credit and Loans

Prevent fraud, and ensure funds reach the correct account, especially for high-value payments.

Experience the fastest, simplest, and most secure way to validate a bank account holder

  • Results in <1 second
  • Coverage of 99% of Spanish accounts
  • Available 24/7/365
  • 93 integrated financial institutions
  • 100% digital
POST https://api.sandbox.devengo.com/v1/holder_verifications
REQUEST 
{
  "destination": {
    "type": "iban",
    "iban": "ES3969400001150000000001"
  },
  "recipient": "Devengo S.L",
  "taxid": "B88353412"
}
RESPONSE
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FAQs

  • Is Devengo a bank?

    No, Devengo is not a bank, it’s a Payment Service Provider. While banks offer various financial services, PSPs specialize mainly in facilitating money movement and payment transactions. PSP is a legal entity providing payment services (e.g. issuing cards, acquiring payments, the authorization transactions) enabling the transfer of money between end users. Both (banks and PSPs) play important roles in the financial system, but their focuses and scopes are different, as is their regulation.

  • Where does Devengo operate now?

    We operate in 36 countries in the EU, thanks to SEPA schemes. You can learn more about SEPA here. We will continue to expand our reach to other countries.

  • Is it necessary to create an account (IBAN) with Devengo to operate?

    Yes, Devengo services require the creation of at least one account (IBAN) in our system by our clients to be able to send and receive instant payments.

  • Is it necessary for my company and clients to go through an AML onboarding to operate?

    Yes, at Devengo we take the client’s onboarding very seriously to prevent financial markets from being misused for criminal activities. If you want to know more about the AML process, here is more information.

  • How long does it take for a client to integrate our API?

    The time it takes for a customer to integrate our API varies based on the technical capabilities of the company. Some companies have gone from creating a sandbox account to operating in production within 10 days.

  • Does Devengo offer card-issuing services?

    No, our service specializes in direct account-to-account instant payments—transfers between accounts without intermediaries, like card systems. It operates bidirectionally, accommodating both push payments (initiated by the payer) and pull payments (initiated by the payee).

  • Is Devengo offering its services through Open Banking?

    No. Open Banking allows third parties to access customers’ financial data and services through open bank APIs, so there is no need to create new accounts. Devengo, in contrast, deploys its entire infrastructure to have full control over the entire payment process, with no dependencies on the banks and their services (or lack thereof).

  • Is it necessary for my company and clients to go through an AML onboarding to operate?

    Yes, at Devengo we take the client’s onboarding very seriously to prevent financial markets from being misused for criminal activities. If you want to know more about the AML process, you can find more information here.

  • Can I create accounts in different currencies?

    No, Devengo currently only offers accounts in euros. We are working on expanding our offer.

  • Can I create and orchestrate accounts for my clients?

    Yes, you will be able to create different account holders in addition to your own. Furthermore, you can orchestrate their A2A instant payments with the same API access and manage them from a single control panel.

  • What is a virtual IBAN?

    A virtual IBAN is a digital representation of a traditional bank account’s IBAN, enabling secure and convenient transactions. It offers merchants advantages such as increased security, cost savings, and greater convenience. Transactions can be processed without a physical bank account, reducing the risk of fraud and improving payment processing times. It ensures privacy, simplifies payment tracking, and streamlines the transfer process. Devengo will be able to offer virtual IBANs very soon.

  • Information on Commissions and Fees

    At Devengo we apply a customized pricing policy that is tailored to the specific needs of each client. Our rates are not fixed, but are determined based on several key factors of your business.

    Factors that determine your fee

    • Risk profile: Business sector, jurisdiction and compliance analysis.
    • Use case: Type of operations, countries of operation and services required.
    • Expected volume: Number and frequency of monthly transactions.

    However, as a payment institution supervised by the Bank of Spain, we provide you with the Commissions Information Document, where you can consult the maximum commissions and fees applicable to the most representative services associated with the payment account. This document, prepared in accordance with current regulations, is available on our website.

    For any additional questions, our commercial team will be at your disposal and will prepare a personalized proposal with the exact fees that would apply to your particular case, without obligation.

  • What are Push Payments?

    Push payments are transactions activated by the payer. A common transfer that users start from their bank app is a push payment, more specifically a payout. When the beneficiary receives the money in her bank, it is also considered a push payment, in this case, it’s a pay-in. Pull payments, on the other hand, are a payment transaction activated by the beneficiary.

  • What are SEPA Instant Payments?

    The SEPA Instant Credit Transfer (SCT Inst) scheme allows transfers of up to €100,000 to be completed in less than ten seconds. SCT Inst transactions are available in multiple European countries, intending to expand to all 36 SEPA countries and territories progressively. To learn more, read our SEPA 101 guide.

  • How do we help with automatic payment reconciliation?

    You can create a pay-in with the expected status in our system, wait to receive the payment, and automatically reconcile the transaction. This will provide reliable monitoring of cash balances across all your business accounts.

  • What percentage of the Devengo Payments are delivered?

    The success ratio varies depending on several factors: whether the clearinghouse has had a problem, whether or not the destination banks have had a service outage and other possible aspects. But currently, thanks to our Smart Retry System, we can be proud of having a 3-month average delivery ratio of 99.7254% (and every month we increase this success rate). If you want to know more about our Smart Retry system, read our article here.

  • What percentage of the Devengo Payments are instant?

    Similar to the success ratio, the instantaneity of the payouts depends on multiple factors. So that you can appreciate what percentage we usually have, we give you an example: currently, we have an average instant ratio of the last 3 months of 98.7433%. If you want to know more about instant or regular transfers, you can read our article about it here.

  • What are Pull Payments?

    Pull payments are payment transactions that the payee triggers. For example, a direct debit is a pull payment. Push payments, conversely, are payment transactions that the payer triggers.

  • What is the Request-to-Pay scheme?

    SRTP allows European businesses to request payments, whether in-person or online, from customers for amounts up to €100,000.

  • What is the difference between Payment initiation and Request to Pay?

    SRTP aims to prompt payment from a payer by having the creditor issue a payment request, while payment initiation involves the payer independently initiating the payment process. RTP involves information exchange between the creditor and payer, with the payer retaining the final decision on payment initiation. In contrast, payment initiation requires the payer to take responsibility for initiating the payment by providing the necessary details. It’s crucial to note that Request to Pay is not a standalone payment method and needs to be paired with a payment solution, like Devengo Instant Payments. If you want to know more about PISPs and how Devengo can help them, read here.

  • When will SRTP be operational in Devengo?

    When a good number of banks participate in the scheme and its use has been democratized.

  • How does Devengo's Account Access Verification service currently work?

    Our API can authenticate any bank account in the EU (SEPA network) with a simple integration from your side. Learn how to verify your users with an instant micro-payment:

    1. You make a request with the name and the IBAN of the recipient
    2. We send the recipient a 1ct instant payment with a code in the description that only they have access to
    3. The recipient enters the payment code into your interface
    4. Finally, simply make a request to Devengo to verify the account

  • In what countries will Devengo offer this service?

    We operate in 36 countries in the EU, thanks to SEPA schemes.

  • What is Valitic and how does it work?

    Valitic is the leading industry solution for validating bank account ownership in Spain, created by Iberpay. This tool allows you to instantly and fully digitally verify whether a bank account is truly associated with its declared holder. It works through cross-validation between the IBAN and the NIF/CIF/NIE, providing an instant response (OK/KO) in less than one second. At Devengo, as a partner entity directly connected to Iberpay, we offer you secure and easy access to Valitic through our API.

  • How long does it take to verify account ownership with Valitic?

    Valitic verifications are instant, with an average response time of one second. The service is available 24/7/365, meaning you can verify accounts at any time of day, including weekends and holidays.

  • Is Valitic compliant with data protection regulations?

    Yes, Valitic strictly complies with the GDPR and all current data protection regulations.

  • What sets Valitic apart from other verification services?

    The key difference with Valitic is that it requires no user interaction. Valitic automatically verifies using NIF/CIF/NIE + IBAN without interrupting the user flow, avoiding friction and ensuring a seamless experience for collecting and paying suppliers and/or customers.
     ? Read the full article on different ways to verify a bank account.

  • How can I integrate Valitic into my system?

    Devengo offers a simple and quick integration of Valitic through our modern REST API. Our technical team will support you throughout the implementation process, from technical documentation to testing in a development environment.

  • What are the fees for using Valitic?

    Valitic’s fees vary depending on the volume of queries. We offer scalable plans for businesses of all sizes — from small companies to large corporations. Contact our sales team to receive a personalized quote tailored to your specific business needs.

  • When will VOP scheme be operational in Devengo?

    We currently have our Account Verifications service operational, which works with an instant payout of one cent. In the future, we want to implement the new scheme of the European Payments Council, the Verification of Payee (VOP). This scheme will instantly verify whether the received data of the payer matches with the concerned data registered for that payee at the Responding PSP. We will be ready to launch as soon as posible. Stay tuned!

Let us find the best financial infrastructure for your case

We will offer you the solution that is most efficient and convenient to solve your money flows, whatever they may be. We’d love to hear from you.