Accuity, a provider of payment routing data, AML screening software and services, has launched version 3.1 of IBAN Payment Resource, its online look-up tool for validating and converting international bank account numbers (IBANs). The latest version offers batch processing for hundreds of records simultaneously.
IBAN Payment Resource’s new batch functionality is an add-on module that allows users to submit one or more files containing information that requires IBAN validation and/or conversion. By enabling users to screen multiple records simultaneously, IBAN Payment Resource eliminates the time-consuming and labour-intensive process of performing one-off look-ups and allows users to better manage high volumes of records.
“Accuity recognises the significant challenge of converting legacy account information into valid IBANs particularly for large, multinational corporations that might have large volumes of such data,” said Malcolm Taylor, managing director, Europe, Middle East and Africa (EMEA) and Asia-Pacific for Accuity. “This enhanced service from Accuity will greatly ease this burden enabling corporates to benefit from the lower cost of SEPA-compliant payments.”
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