Accuity Launches Service to Streamline Payment Operations

Accuity has added PAYScreen to its line of payment solutions, in an attempt to help organisations increase payment straight through processing (STP) rates, without adding extra personnel. The service repairs an organisation’s payment files by validating existing payment instructions, correcting any invalid payment instructions and highlighting any records that require further research and review. The service is designed to provide organisations with a ‘cleansed’ file that can be used to update their internal databases and payment processes. The validated and/or repaired data includes such information as bank name, address, country, assigned SWIFT/BIC, routing SWIFT/BIC used for IBAN processing, generated or validated IBAN and, in the case of error, an applicable text message.


Related reading

New consumer banking head for Citi Asia Pacific