Accuity is pleased to announce that Bottomline Technologies, a leading provider of payments and invoice automation software and services, has integrated Accuity's IBAN File with its BankScan International solution.
The company's use of Accuity's IBAN reference data will help ensure the highest possible levels of payment straight through processing (STP) for customers.
For organizations seeking to comply with SWIFT's MT103+ messaging standards and EU regulation 2560/2001, Accuity's IBAN File offers access to over 200,000 records for more than 7,000 European financial institutions. The integration of this data file with Bottomline's BankScan International, which enables users to automatically or manually check BIC and IBAN information, will allow Bottomline's customers to further reduce payment processing costs, avoid unnecessary bank charges and improve query rates.
Bottomline is currently leveraging Accuity's Global Payment File with WebSeries, its Web-based payments automation platform. Accuity's Global Payment File provides the most accurate, reliable and up-to-date financial institution data and routing information available for over 200 countries including head office and branch mailing addresses, department-specific contact information, SWIFT/BICs and bank routing codes.