Validation result

Validation result
  An ISO term. A code in a message between the sender and receiver used to validate the source and all or part of the text of a message, based on a bilaterally agreed upon method of calculation. Depending upon the method of validation used, the "code" is referred to as the test, the authenticator, or the message authentication code (MAC). When utilising the "test key" method of validation, only various elements in the message (e.a.., sender, amount, date, and sequence) are validated. 16x.

International financial encyclopaedia . 2014.

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