News

BANK WIZARD Enhanced to Validate Roll Numbers

Wednesday 23 June 2004 15:06 CET | News

Eiger Systems has announced a new roll number validation module for BANK WIZARD, Europes leading bank data validation solution.
Payee organisations will find the new roll number validation module invaluable in ensuring that Direct Credit payments, made via BACS or CHAPS, are applied first time into the correct building society and credit union accounts, where reference or roll numbers are used to identify the accounts of individual customers. Building on the current functionality of BANK WIZARD, the new roll number validation module significantly reduces payment errors and the associated administrative costs as well as helping to improve customer service. BANK WIZARD Roll Number Validation performs the following functions: - identifies whether a roll number is required based on the sort code and account number supplied, ensuring that missing or incorrect data is - identified at point of input - identifies the format of the roll number issued by the building society, preventing roll numbers from being entered incorrectly - checks roll numbers against modulus checking algorithm(s) for the specified sort code and account number - provides hints on roll number format to help users with inputting data - transposes roll numbers to the required standard and format of the building society - checks roll number length confirms to the rules specified by the institution The new roll number validation module is available now.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce