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Oracle 25C- Bank Account Validation Service Feature

in Payables, Payments & Cash Management 1 comment

Summary:

Hi Team,

We have some queries related to the Oracle 25C- Bank Account Validation Service Feature.

  1. It is mentioned in the feature notes that it is a paid service. Will it always be a paid service and if yes, then what is the fee for the same?
  2. Is there any way for us to find out what percentage of the time the validation is verified vs. failed vs inconclusive? We would like to understand how well this tool works and specifically what percentage of the time does it return an inconclusive result? We also don’t see any information about if 100% of banks are included and if that is also the case for foreign banks.
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