1. Localizations for European Reporting and SEPA Processing Implementation Guide
  2. (ITA) Bank Account and Bank ID Validation

(ITA) Bank Account and Bank ID Validation

In Italy, businesses that remit incorrect or incomplete bank identification or account information to the bank are subject to fees. To avoid these charges, businesses must carefully validate bank identification and account information that is entered into the system during data entry.

You can set up your system to automatically validate account information when you use these programs:

  • Bank Account Cross-Reference (P0030A).

  • Bank Account Information (P0030G).

  • Bank Revision - Italy (P7430IT).

  • Enter Customer Drafts (P03B602).

  • Pre-Authorized Drafts (R03B671).

  • A/R Magnetic RIBA Draft Remittance Tape Format (R03B672IT).

The system validates account information based on the Bank ID - Italy table (F74030).

Italian banks assess a service charge when invalid account or bank identification numbers are included in the customer information that businesses remit for processing accounts receivable drafts (RiBa) and automatic payments.

Italian bank identification information consists of a transit code, which includes two 5-character segments:

  • The Bank Code (ABI).

  • The Bank Branch Code (CAB).

The ABI segment identifies the bank (for example, Banco di Napoli) and is followed by the CAB segment, which identifies the branch (for example, Banco di Napoli - Positano).

The Banca d'Italia maintains and updates valid bank identification numbers. Individual banks can provide their clients with the updated information on tape or diskette.

The JD Edwards EnterpriseOne system supports the COMIT format and ships the Bank ID - Italy table (F74030) with the localized software for Italy. You must upload the bank information that is provided by Banca d'Italia to this table. After you upload the information, you can make your own revisions to the bank table as needed.

To validate bank identification information, the system validates bank codes and branch codes when you:

  • Set up bank account information.

  • Enter accounts receivable drafts.

  • Generate preauthorized accounts receivable drafts.

  • Create the accounts receivable drafts remittance table.

The system validates the customer bank information against the valid bank identification information in the F74030 table.

The programs that validate account information and bank identification information are described in this table:

Program

Function

Bank Account Information (P0030G)

The system issues an error message on the Revise Bank Information form if bank information is missing or invalid.

Bank Account Cross-Reference (P0030A)

If the Localization Country Code field in the User Profile Revisions form is not blank and the customer, supplier, or employee country code on the Address Book Revision form is IT (Italy), the system issues an error on the Set Up Bank Accounts By Address form if bank information is missing or invalid.

Enter Our Drafts or Enter Customer Drafts (P03B602)

The system issues an error message on the Draft Entry form if bank information is invalid.

Pre-Authorized Drafts (R03B671)

The system prints an error report that lists customers with missing or invalid bank information. You can review the list to correct or update the bank information before you generate the drafts.

A/R Magnetic RIBA Draft Remittance Tape Format (R03B672IT)

When you remit drafts, the system validates bank information again and includes the drafts for all of the specified customers in the electronic bank file. The system prints an error report that lists the customers with missing or invalid bank information.