1. US NACHA User Guide
  2. NACHA Payments
  3. NACHA Credit Transfer
  4. Credit Inbound Transaction Processing
  5. Repair Validations

Repair Validations

Beneficiary Name Match Check

If the ‘Beneficiary Name Match Required’ check box is selected in the screen ‘Payment Network Preferences’ (PMDNWPRF) for the Network code (NACHA), 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 Individual Name or Receiving Company Name is present, the system checks against Company Name (PMDORGDT) or Account Name (STDCRACC), or Customer Account Name Match (PMDCUSNM).
  • If Individual Name or Receiving Company Name matches, the system proceeds with processing. If it does not match, the system moves it to the repair queue. In the repair queue, the user can edit the ‘Creditor Name’ and authorize it.

Note:

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

Parent topic: Credit Inbound Transaction Processing