Introduction to Customer and Account Infrastructure

This module provides the ability to validate the alternate and pay-out account numbers for deposits as per the Payments New Zealand (PNZ) guidelines.

Account Validation Number

All New Zealand bank accounts have to conform to the Payments New Zealand (PNZ) bank account numbering convention or standard which is subject to two modulus check 11a and 11c.

This functionality allows banks to validate the pay-in or pay-out account number during the arrangement creation based on the PNZ (Payments New Zealand) format.

The pay-out number will be validated against the parameters defined the NZBASE.PARAMETER application.

A new routine NZBASE.NONT24.ACCT.VALIDATE is created to validate the pay-in or pay-out account number in the PNZ account number format. The number has to pass one of the two modulus check either the 11a module check for customer account or the 11c module check for office account.

The settlement accounts are stored in the external property class instead of the settlement property class as it is captured for informational purposes.

Using this functionality banks are able to capture the Particulars Code Reference (PCR) details on a disbursement which are required by banks in New Zealand to process any disbursements or payments. New fields have been added to the Account Number Validation tab and, the Deposit - Reinvestment Details tab has been introduced, for the XNZ.ADDITIONAL.INFO external property class to enable the user to choose whichever is required in the corresponding products, related to account number validation and deposits reinvestment instructions.

Click here to understand the terms and abbreviations used in this functionality.