CB.Net becomes a re-distributor of the BIC Directory

London - 16 July 2008

CB.Net Ltd, a leading reference data provider, announced today that it has become a licensed re-distributor of Bank Identifier Codes (BICs) issued by SWIFT ( Society for Worldwide Interbank Financial Telecommunication).

The agreement will allow CB.Net to integrate BIC data into CB.Net’s BankSearchPlus database. BankSearchPlus, CB.Net’s flagship product, is the most comprehensive directory of international payments reference data, taking authoritative source data and integrating them into one single source for institutions to utilise in different output formats. CB.Net also provides directory services and runs the EPC (European Payments Council) SEPA Adherence database and the EBA (Euro Banking Association) Priority Payments Scheme Central Repository.

Ian Dunning, managing director, CB.Net says, “We are very pleased to become an authorised re-distributor of the SWIFT BIC information, which will greatly enhance the ease of integration and availability of the BIC data into our services for our clients . With the payments landscape constantly changing we are delighted to be working alongside industry bodies in providing services to the banking and corporate community.”

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