IBAN Payment Resourceâs new batch functionality is an add-on module that allows users to submit one or more files containing information that requires IBAN validation and/or conversion. By enabling users to screen multiple records simultaneously, IBAN Payment Resource eliminates the time-consuming and labor-intensive process of performing one-off look-ups and allows users to better manage high volumes of records.
Part of Accuityâs suite of global payment solutions, IBAN Payment Resource offers quick and easy access to all the information needed to efficiently originate or process IBAN payment transactions. As the only vendor to provide both the assigned and correct routing BICs for all converted or validated IBANs, Accuity offers complete, end-to-end conversion and validation capabilities that are fully supported by a comprehensive and multi-layered verification process. IBAN Payment Resource helps customers convert their legacy account information quickly and efficiently into payment data thatâs viable for IBAN transactions, delivering high rates of payment STP and reducing the time and money spent on errors and repairs.
âAccuity recognizes the significant challenge of converting legacy account information into valid IBANs particularly for large, multi-national corporations that might have large volumes of such data,â said Malcolm Taylor, Managing Director, EMEA and APAC for Accuity. âThis enhanced service from Accuity will greatly ease this burden enabling corporates to benefit from the lower cost of SEPA-compliant payments.â
New users are invited to experience IBAN Payment Resource with a free trial and test the online solutionâs functionality â both Validation and Conversion â for themselves.