Eiger Systems, the UK-based provider of validation and payment solutions for banks, has released a new roll number validation module for BANK WIZARD, its data validation solution.
It aims to make Direct Credit payments, made via BACS or CHAPS, apply the first time they are entered into the correct building society and credit union accounts, where reference or roll numbers are used to identify the accounts of individual customers.
It 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.
Jonathan Williams, Product Marketing Manager of Eiger Systems says that organisations currently making electronic payments to personal UK bank or building society accounts have no means of identifying whether a roll number is valid, which can result in payments being misapplied and time wasted in rectifying errors. “BANK WIZARD Roll Number Validation virtually eliminates these problems and is of significant benefit to any organisation needing to make a large number of Direct Credit payments”, he says.