Bankers World Online REACH
Bankers World Online REACH
As a payments department operator, you check and validate BICs and sort codes in transaction exceptions to process these exceptions. In the front office, you check IBANs and the routing of IBANs provided by customers before sending them for processing.
In the foreign department, you need to know the SSI of the beneficiary’s bank to make a payment.
Benefits
Offers comprehensive access to all SwiftRef data, ensuring global reach for financial transactions.
Facilitates correct identification of payment correspondents in both cross-border and domestic markets, enhancing transaction accuracy.
Validates payment correspondents' SSIs, account, and IBAN structures, streamlining the payment process.
Verifies payment correspondents' membership to local clearing and settlement systems, ensuring reliable transactions.
Provides a single source for searches on global, accurate, and up-to-date payment information.
Delivers easy online access to payments reference data through a secure online platform, simplifying data retrieval.
Learn more about Bankers World Online REACH
Talk to one of our Account Managers