In 2010, the Payments Council – which was succeeded by Payments UK in June 2015 - 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 UK 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 will be listed in the table of accredited products below, which includes further information on availability, accessability and additional functionality.