|
BACS Web Service
|
|
|
BACS Web Service |
Why Validate Account Numbers against their Sorting Code?
Validating the sorting code and account details of transactions has many benefits including helping to reduce the number of transactions needing returned.
For instance, Account Validation allows originators of transactions for the BACS clearing service to validate the account details quoted in their payment instructions before submission.This validation saves time and money because it significantly decreases the number of eroneous transactions.
What is Modulus Checking?
To ensure the validity of Account Numbers for a sorting code the financial institutions use modulus checking methods and these methods differ from instititution to institution.
Why use eSortcode?
The credit validation web service method of the eSortcode.com web service encapsulates these Modulus Checks and updates these checks whenever any changes are made by the financial institutions.
Find out more about this great service at www.esortcode.com
|