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