Account Validation Use Case Wires 
PYMNTS
JULY 5, 2020
With the new updated solution, BNY Mellon will let clients validate statuses and owners of accounts in real time across the U.S. The service is also payment-agnostic, able to verify accounts for payments including wire transfers, automated clearing houses (ACH) and real-time payments.
The Fintech Times
FEBRUARY 21, 2024
The Swift Payment Market Practice Group (PMPG) also outlined how global adoption of the LEI in ISO 20022 payment messages can support key cross-border use-cases including: sanctions and watch-list screening; KYC and client onboarding; fraud detection and the fight against vendor scams; e-invoice reconciliation; and account-to-account validation.
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