• The name value in the Creditor Name field for pacs.008 or name value in the Creditor Account Name field for pacs.009 if received in the message or entered in the transaction is matched with the Account Description of resolved credit account (STDCRACC).
• If the name does not match the account description, then the validation is done based on the additional names maintained for the account in the Customer Account Name Match (PMDCUSNM) screen.
• The 'Beneficiary Name Match Required' flag value maintained at the 'Generic Wires ISO Inbound Network Preferences' (PSDIGWNP) is checked.
  • Beneficiary Name Match validation is not done for value NO.
  • Beneficiary Validation Currency / Amount fields is checked if the flag value is YES.
  • Beneficiary Validation Currency / Amount fields is checked if the flag value is YES.
  • For no value selected for the Beneficiary Validation Currency / Amount fields, the Beneficiary Name match is done for all Inbound transactions.

If any value is selected in those fields, then the transfer amount is converted to the Beneficiary validation amount equivalent.

The equivalent amount is compared against the Beneficiary Validation amount.