More NewsBank Wizard Upgraded to Eliminate Roll Number Errors

Bank Wizard Upgraded to Eliminate Roll Number Errors

UK-based Eiger Systems has launched a roll number validation module for Bank Wizard, its bank data validation solution. The module will ensure that direct credit payments made via BACS or CHAPS are applied straight into the correct building society and credit union accounts, where reference or roll numbers are used to identify the accounts of individual customers. It will reduce payment errors and the associated administrative costs as well as helping to improve customer service. Jonathan Williams, Product Marketing Manager at Eiger Systems says: ‘Organizations currently making electronic payments to personal UK bank or building society accounts have no means of identifying whether a roll number is valid, which can result in payments being misapplied and time wasted in rectifying errors. BANK WIZARD Roll Number Validation virtually eliminates these problems and is of significant benefit to any organisation needing to make a large number of Direct Credit payments.’

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha