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R12/AP: Is There a Supplier Bank Account Verification or Account Validation Service Available in Release 12 for ACH Payments (Doc ID 2905684.1)

Last updated on NOVEMBER 01, 2022

Applies to:

Oracle Payables - Version 12.0.6 and later
Information in this document applies to any platform.

Goal


Does Oracle have Account Validation Services API (or any utility/tool) for validating counter party information to verify accounts and/or authenticate ownership with the bank?
Is there a process to ascertain that the Bank Account provided for Supplier for Electronic Funds Transfer (EFT) or Automated Clearing House (ACH) type of payment is accurate?

Solution

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In this Document
Goal
Solution
References


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