2.2.6.3 Repair Validations

Validates and identifies errors in inbound credit transactions for repair.

Beneficiary Name Match Check

If the Beneficiary Name Match Required checkbox is selected in the Payment Network Preferences Detailed (PMDNWPRF) screen for the network code (ACH), the system performs beneficiary name matching validations. If it is not selected, the system skips the beneficiary name match validations.

System checks whether the Individual Name or Receiving Company Name is present in the incoming message as follows:
  • If an Individual Name or Receiving Company Name is provided, the system validates it against the Company Name in Originator Maintenance Detailed (PMDORGDT), the Account Name in External Customer Account Input (STDCRACC), or the Customer Account Name Match (PMDCUSNM).
  • If the Individual Name or Receiving Company Name matches, the system continues processing. If it does not match, the system moves it to the repair queue, where the user can edit the Creditor Name and authorize it.

Note:

The SEC Codes XCK, ATX, and ACK are not included in Beneficiary Name Match Check.

Parent topic: Credit Inbound Transaction Processing