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Modulus 97 Checksum

Modulus 97 is the algebraic algorithm defined by ISO 7064 MOD-97-10 used to check the mathematical validity of bank account identifiers, including IBANs. The algorithm converts alphanumeric characters to numbers, performs modulo-97 division, and verifies that the remainder equals 1 to detect entry errors.

Aliases: MOD-97, MOD-97-10, ISO 7064 MOD-97-10

Related terms

IBAN (International Bank Account Number)

An International Bank Account Number (IBAN) is an internationally agreed system of identifying bank accounts across nati...

ISO 7064

ISO 7064 specifies mathematical check character systems used for security and verification across financial transactions...

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