BIC

identifies a business

IBAN

Identifies an account where used

Validate Step 1

Match the source and reference, check duplicates

Validate Step 2

Compare debtor/creditor, account and bank identifiers

Validate Step 3

Check amount, currency, value date, and address requirements

Validate Step 4

Verify authorization and required screening/funding conditions

Validate Step 5

Check current status, cutoffs/time zones and dependencies

pacs.009

Financial institution credit transfer; core and cover use differ

pacs.002

Fl-to-Fl payment status report

pacs.004

Payment return

camt.053

Bank-to-customer statement