1. Hong Kong Faster Payment System User Guide
  2. HKFPS Processing
  3. Inbound Credit Transfer Processing
  4. Payee Account Verification Check

Payee Account Verification Check

System checks for the following from the incoming pacs.008 message:
  • <LclInstrm><Prtry> ="SKIP_PYE_VRF"
  • If the above condition is satisfied, in case of any subsequent validation failure during processing of inbound payments, system generates pacs.004 payment return message.

Parent topic: Inbound Credit Transfer Processing