Setting Up and Verifying Bank Accounts for CGI Payments

To process CGI payments, you must set up the bank accounts for your company and suppliers. You can access company bank accounts by accessing the Bank Account Information program (P0030G). You access supplier bank accounts in the Bank Account Cross-Reference program (P0030A).

You must enter a valid IBAN in the account setup form of the Bank Account Information program or Bank Account Cross-Reference program. After you click the OK button in the form, the system validates the IBAN and displays an error message in case of incorrect entry or if the IBAN field is left blank.

You can enter or verify the BIC on the Revise Bank Information or Set Up Bank Accounts By Address form. You enter the BIC in the SWIFT Code field on the Revise Bank Information form or the Set Up Bank Accounts By Address form. You can leave the field blank.

The EPC (European Payments Council) uses ISO (International Standards Organization) standards for BIC numbers. The BIC number, also called the SWIFT (Society for Worldwide Interbank Financial Telecommunication) number, consists of four elements, in this order:

1. Four characters for the bank code.

2. Two characters for the country code.

3. Three characters for the branch code (optional).

When you enter the BIC number, the system validates that:

• No special characters, such as /, &, or %, are entered.

• The string of characters entered consists of 8 or 11 characters.

  Positions 5 and 6 consist of the country code for the bank account, which must be set up in the 74/SA UDC table.

The system displays an error message if the BIC number that you enter fails the validation.

The Bank Account Information program (P0030G) works differently from the Bank Account Cross-Reference program (P0030A).