System and method for validating received clearing information for implementing a global electronic funds transfer

A global electronic funds payment system for validating received clearing information for implementing a funds transfer, the clearing information comprising required information for performing the funds transfer, the system comprising:

• a processor configured to generate a form for receiving clearing information, the form including clearing information fields, each clearing information field configured to receive clearing information, at least one clearing information field configured to receive a clearing method;
• a network interface configured to provide the form to a user and receive the clearing information from the user, the received clearing information including a given clearing method;
• a database encoded to a non-transitory computer readable medium, the database including at least one validation rule defining a relationship between at least one of the clearing information fields and the clearing information received from the user, the at least one validation rule specifying acceptable values for the clearing information received by a given clearing information field based on the given clearing method;
• the processor further configured to analyze the clearing information received from the user in relation to the at least one clearing information field by applying the at least one validation rule in order to adjudicate the clearing information received in the given clearing information field as acceptable or invalid, and processing the clearing information received in the given clearing information field as a function of whether adjudication is acceptable or invalid in order to update the form;
• and
• the network interface further configured to provide the updated form to the user.