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Accuity Now Provides Daily Updates to Its Global Payment File

Accuity, the leading provider of global payment routing data, anti-money laundering (AML) screening software and services, now provides daily updates to its industry-leading Global Payment File-Plus (GPF-Plus). Users will be able to access the most current information in order to reduce the amount of time spent researching and correcting information necessary for creating domestic and cross-border payment messages.

Accuity's GPF-Plus is the industry's Golden Copy of payment data, providing essential and readily-accessible payment information with precise and comprehensive data for all bank offices worldwide. The information contained in GPF-Plus features a profound level of detail — in addition to accessing complete information on contacts, correspondents/SSIs, national bank codes, SWIFT/BICs, clearing systems and more users are able to determine specific SWIFT/BICs used for SSIs as well as identify subcategories regarding the usage of specific SSIs (commercial payments, trade finance, foreign exchange, etc.).

"There is an incredible volume of changes constantly being made to bank and payments data," said Bob McKay, Accuity's managing director of Business Development. "Accuity recognizes that in order for organizations to maximize payment STP rates, daily updates to this information are crucial. With over 250 file updates per year — one provided each business day, GPF-Plus allows customers to access the most up-to-date information available."

Accuity makes nearly 5000 changes to its financial institution database every day, half of which are changes to payment codes, SSIs, clearing attributes and locations. That means a change occurs every 18 seconds. Having access to these changes each day, via GPF-Plus, will eliminate the need to research inactive bank codes, SSIs, bank names and more ensuring accurate payment setups and avoiding failed payments.

Accuity invites all attendees of this week's NACHA Payments 2010 conference to stop by Booth #809 to learn more about its industry-leading payment solutions, and Accuity's ability to help companies manage the entire payment data life cycle, i.e. validation, clean up, conversion, ongoing maintenance and ad-hoc look-ups.