Creditor Requests

Part of the Proxy and RFI Services. Used by PSPs.

The Sender may provide (a) a proxy, (b) a local PSP identifier and account number or (c) IBAN. These details can be sent to the POST/creditor/requests API operation to retrieve the underlying account (in the case that a proxy is given) and additional information about the Creditor, where available:

1. If a proxy is provided, Nexus will first send it to the associated proxy lookup service in the Destination Country, as an acmt.023 message. The proxy look up service will return:

   1. The PSP identifier (e.g. BIC) and account number

   2. the real name associated with the account (in most cases), for use by the Source PSP

   3. a display name that can be shown to the Sender

2. Nexus will use the PSP identifier to check that the Recipient’s PSP is Nexus-reachable (ie the Destination PSP must be technically enabled to receive Nexus payments and able to apply sanctions screening to incoming payments).

3. If the Destination PSP is not Nexus-reachable, the Creditors service will return an error explaining that the Destination PSP is not reachable via Nexus. (See Reasons for proxy lookup failure).

4. Nexus will then check whether the Destination PSP supports the Request For Information RFI message (camt.026). If so, it will send a camt.026 to the Destination PSP to request verified information about the Recipient, so that the PSP does not have to ask the Sender to enter this information (which they may not know or may enter incorrectly). This feature is designed to improve the quality of data in the pacs.008 payment instruction, supporting automated sanctions screening and reducing the likelihood of the payment generating a false positive match against sanctions lists.

5. Nexus will send the full response to the Creditors request back to the Source PSP. The response will include the PSP identifier, the account number, the Recipient’s name, the Display Name of the recipient, and any further personal data on the Recipient that Nexus is able to retrieve from the Destination PSP’s response to an RFI.

We are reviewing whether acmt.023 (Identification Verification Request) would work in place of a full Request for Information flow (camt.026) here, and will update this page accordingly.