Many organisations make electronic payments to personal UK bank or building societies ranging from staff wages to supplier payments. In order to uniquely identify individual account details, many building societies use Roll Numbers. However, an organisation making electronic payments to an account with a roll number has no means of identifying whether that roll number is valid. This is further complicated by the different formats and rules used by the various financial institutions in their generation of roll numbers.
This results in a significant number of Direct Credit payments being misapplied and Originators having to spend unnecessary time and cost in rectifying these errors.