Within the last month, Accuity has made significant upgrades to its payment routing data, the most recent being the addition of Japanese Zengin codes.
The Zengin system is one of three clearinghouses operated by the Japanese Bankers Association and serves as an online inter-bank messaging system for domestic funds transfers. Substantial banking activity in the Japanese market prompted this new offering as the country ranks among the highest producers of electronic payments in the Asia/Pacific region.
The information contained within Accuity's Payment Solutions is continually gathered, validated and uploaded by a team of international data specialists and includes elements such as national routing codes, owners, credit ratings, Web addresses, e-mails, contact data and branch networks.
Earlier this month, Accuity launched a new version of its industry-leading look-up tool, The Global Banking Resource (TGBR). The cornerstone of Accuity's Payment Solutions, TGBR provides detailed and accurate information for financial institution locations throughout the world. The new version includes significant data and search enhancements.
Data upgrades for TGBR v6.1 include: more correspondent information, including CHIPS; detailed payment instructions by department level; and, payment information for a number of non-depository organizations such as financial services companies, corporations and institutions that use the SWIFT network for direct payment processing. These enhancements complement TGBR's existing coverage of banks, central banks, savings and loans, credit unions, co-operative banks and holding companies.
Among the important search enhancements, TGBR now enables users to easily expand their search for connected SWIFT/BICs when the original search results indicate that a SWIFT/BIC has not been assigned to that location. Subscribers can filter payment searches based on the SWIFT/BIC connected status, TARGET clearinghouse affiliations or CHIPS correspondent banks. Additionally, regional searches for multiple area codes or postal codes are now possible to widen a target search.