Sort Code Validation Accreditation Scheme
In 2010, the Payments Council sponsored the launch of the payment industry’s Sort Code Validation Accreditation Scheme (Scheme); a voluntary scheme which has arisen from industry initiatives to improve the distribution of Bank Reference Data - specifically the desire to provide assurance that the sort code information within the UK payments industry is accurate and up to date.
The Scheme is aimed at those commercial providers that offer sort code validation products on a subscription basis and / or a ‘pay per use’ basis to assist organisations with the management of their electronic payment processing needs.
Providers will be able to offer their customers sort code validation products that carry the Payments Council accreditation mark providing the minimum "Threshold Criteria" have been met.
The Accreditation Scheme logo
In return, providers of accredited Products will have industry approval of their products and an entry on the table of accredited products, as well as the appropriate Payment Scheme Websites.
Page 2 - Becoming Accredited
Page 3 - Getting Approved