Bankers Almanac, a provider of reference data for international payments, due diligence and risk assessment, has further enhanced its international payments solution to help improve efficiency in the processing of cross-border and domestic transactions.
Bankers Almanac’s international bank account number (IBAN) search allows clients to validate IBANs through to the clearing code level and identify the issuing bank if the IBAN is invalid. To enable compliance with the single euro payments area (SEPA) regulations, Bankers Almanac has improved its IBAN search with the addition of over 73,000 IBAN bank identifier codes (BICs).
Ben Cleaveley, senior product manager for Bankers Almanac, said: “Helping clients to comply with SEPA remains a high priority for Bankers Almanac. We are committed to providing accurate data within a product that can form an integral part of their international payments processing operations.”
Bankersalmanac.com will be demonstrating its enhanced payments offering at Sibos 2009 in Hong Kong during the week 14-18 September.
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