This API enables Data Providers (e.g. beneficiary banks) to validate cross-border payment information they receive from other institutions (e.g. banks, corporates) and determine if the information is correct.
The Data Provider (Responder) will:
Implement and expose an API server to SWIFT
Implement an API service to validate cross-border payment information by using Payment Pre-validation Data Provider OpenAPI specifications
Facilitate the delivery of the payment pre-validation requests by using the API server implemented by the Data Providers
Facilitate the delivery of the payment pre-validation responses with the details provided by the Data Providers
We advise that Data Providers respond to pre-validation requests over the internet. For more information please refer to Additional Material.