Accuity, the leading worldwide provider of payment routing data, AML screening software and services, has launched updates to its industry-leading online look-up tools, The Global Banking Resource (TGBR) and IBAN Payment Resource.
The new versions include significant data and search enhancements that enable users to improve their payment straight through processing (STP) rates and research efficiency.
The cornerstone of Accuity's Payment Solutions, TGBR provides the most detailed and accurate information for financial institution locations throughout the world. To improve the TGBR experience, new elements were added in version 7.2 such as daily updates for all information, extended history options for mergers and acquisitions, highlighted Fedwire and ACH correspondent information and SEPA Credit Transfer (SCT) codes. Local clearing codes for several countries including Afghanistan, China, Guatemala, Mongolia, Taiwan, Trinidad and Tobago, Turkey and Ukraine have also been added with this release.
IBAN Payment Resource is Accuity's IBAN look-up and verification application that offers quick and easy access to all the information needed to efficiently process IBAN payment transactions in compliance with the SEPA initiative. Accuity has improved the tool's efficiency in version 2.1 by directly linking the SWIFT/BIC returned in look-up results to the detailed financial institution information available in TGBR. This gives subscribers with access to both products enhanced details regarding SEPA payment information, including SCT capability. Further enhancements include a link to Accuity's data editors for updates on IBANs listed as valid as well as a Notes tool which provides users the ability to place a note on a particular bank branch and save the information in an easily-retrievable location.
"These exciting enhancements will help our customers find the information they need faster, easier and more efficiently," said Brent Newman, Managing Director, global product group for Accuity. "With new features and improved interactivity, these two payment products provide an unbeatable combination for our users."