Eiger Systems Launches Bank Wizard for Republic of Ireland
Eiger Systems has developed a module of its software for validation of bank account details for use in the Republic of Ireland. The software, called Bank Wizard is used by direct debit and direct credit originators in the UK, France, Germany, Italy, Belgium, The Netherlands, Spain and Portugal. The Irish software is an additional country module providing users with the ability to validate bank details for bank accounts that use either the IRECC (Irish Retail Electronic Payments Clearing Company) or IRIS (Irish Real-time Interbank Settlement Company) payment systems. The Software complies with the new modulus validation rules that came into effect on 1 May 2005 with the introduction of Paperless Direct Debit (PDD).