• An API call is provided for sending the beneficiary account, name, address and bank code details to an external system so that the details can be validated. The response is expected as ‘TRUE’ or ‘FLASE’.
• You can maintain the connectivity path and time-out period in seconds for the external call made. If the request is timed-out, the response is treated as false.
• Beneficiary validation can be initiated from UI or as part of payment processing. If the beneficiary validation is done from UI, the system populates error on saving and it is not repeated during processing
• If the beneficiary validation done during the payment processing fails, the transaction gets auto cancelled. The cancellation remarks are updated as ‘Beneficiary validation failed’.
• Beneficiary validation services, have tags for the following details:

  Payment Method	HVPS,BEPS or BEPS Real time
  SndBankId	Own Branch Clearing Code
  RecvBankId	Counterparty Bank Code
  AcctId	Debit Account No.

Transaction Code Validations

The validation is done based on customer transaction restrictions maintenance PMDCRSTR. If the Network is restricted for the customer, the transaction is moved to Business Override queue.