Email Contact Phone Company Visit Website

Accuity/NRS - Evanston, IL Office

1007 Church Street Evanston, IL 60201 U.S.A.
Evanston
IL
US

NRS - San Diego, CA Office

10089 Willow Creek Rd., Suite 120 San Diego, CA 92131
San Diego
CA
US

NRS - Lakeville Office

29 Brook Street PO Box 71 Lakeville, CT 06039
Lakeville
CT
US

Telephone

847.933.5152

Contact

Marideth J. Salgado
[email protected]
Back to all Accuity announcements

Accuity Becomes First Authorized Re-distributor of SWIFT’s Bank Identification Codes

Accuity, a leading provider of payment routing data, AML screening software and services today announced an agreement to become the first authorized re-distributor of Bank Identification Codes (BICs) under SWIFT’s new data licensing scheme. In addition to collecting these codes directly from banks worldwide, Accuity will now receive a direct feed from SWIFT, the assigning authority for BICs.

“We are very pleased to announce this agreement with SWIFT,” said Robert McKay, managing director of business development for Accuity. “The integration of SWIFT’s BIC information with our payment reference data products will provide our customers a cost-effective, comprehensive and easy to use solution for global payments. Accuity delivers data solutions that are accurate and have the highest quality. These solutions significantly reduce transaction error rates, meaning fewer bank charges and faster completion of funds transfers and ensure the highest levels of payment STP rates.”

Accuity augmented its own collection efforts with this SWIFT agreement considering the pace of changes created in the market due to expanding global supply chains and initiatives like the Single Euro Payments Area (SEPA). Accuity receives the data feed directly from SWIFT and utilizes it in Accuity’s globally oriented payment reference data products, including Global Payment File™ (GPF) and The Global Banking Resource™ (TGBR), as well as SEPA products such as the IBAN File and IBAN Payment Resource.