Accuity, the leading worldwide provider of payment routing data, AML screening solutions and professional services, has introduced significant updates to its Payment Solutions product line.
In February, Accuity added nearly 200,000 Standard Settlement Instructions (SSIs) to its banking database as a result of the acquisition of CB.Net, a London-based reference data provider for the global banking community. The additional data provides customers with a much larger critical universe of preferred correspondent bank information to determine crucial payment routing decisions.
In addition, Accuity bolstered its national routing code repository by adding the national and local clearing codes for a host of previously unavailable countries, including Algeria, Chile, China, Ecuador, Honduras, India, Kenya, Peru, Philippines, Saudi Arabia, South Korea, Sri Lanka, Taiwan, Thailand and Vietnam.
Both of these data enhancements can be found in Accuity's data file solution, Global Payment FileTM (GPF), and industry-leading online look-up tool, The Global Banking ResourceTM (TGBR).
Along with the data enhancements, the recently-released version 7.3 of TGBR also has additional new features. The cornerstone of Accuity's Payment Solutions, TGBR provides the most detailed and accurate information for financial institution locations throughout the world. One new feature provides active payment routing codes when inactive codes are used in a search; another includes the ability to search for pertinent holiday information by ISO country code, ISO currency code, date or holiday name. These and other enhancements found in the new version offer important functionality for payment processing and payment originating institutions.
"Accuity is committed to increasing the value of our solutions for our customers, whether that means making our products easier to use or leading the way in gathering and verifying the kinds of data financial institutions require to ensure the highest levels of payment STP rates," said Brent Newman, Managing Director, global product group for Accuity. "These new features and expanded data sets build upon the solid foundation we have created for our customers."