Showing posts with label IndustryLeading. Show all posts
Showing posts with label IndustryLeading. Show all posts

Saturday, 28 January 2012

Accuity?s Industry-Leading TGBR Database Provides Optimal Payment Routing Data for Lowest Costs and Highest Efficiency

Skokie, IL (PRWEB) March 8, 2011

Accuity, the leading provider of payment routing data, AML screening software and services, is pleased to announce its powerful online payment look-up tool, The Global Banking Resource? (TGBR), provides the industry?s largest collection of Correspondent by currency and Standard Settlement Instructions (SSIs) account data critical to helping achieve Intelligent Payment Routing.


TGBR?s enriched correspondent/SSI data, continually verified with new additions each day, helps banks, insurance firms, corporate treasury functions and others understand the relationships and accounts held between banks for clearing. With access to this data, users are better equipped to employ informed payment routing decisions to save time and money and better manage transaction logistics.


With the industry's largest and most trusted database of correspondent/SSIs, along with other critical information including account numbers, SWIFT/BICs and department and payment details, TGBR has more global payments data than any other payment solution in the industry. Within the program, a dedicated tab offers users quick access to a financial institution?s correspondent information to highlight the necessary relationships a payment will have en route to its final destination. TGBR?s user-friendly interface, powerful search functions and intelligent drill-down menus also provide immediate access to critical information.


TGBR?s comprehensive correspondent/SSI data is part of the industry?s Golden Copy of critical payment routing data, which offers the broadest reach of all banks worldwide, regardless of their participation in messaging systems, to enable true identification of every beneficiary bank globally. Accuity?s data also provides the most national clearing sort codes in the industry in a normalized data source that is updated daily.


?As part of our continued drive to provide the Golden Copy of payment routing data, Accuity is committed to providing our customers with the most accurate and up-to-date information available for Intelligent Payment Routing,? said Robert McKay, Managing Director of Accuity?s payment solutions. ?The enriched correspondent/SSI data in TGBR is another example of how Accuity provides our customers with payment-specific data to help them achieve optimal payment straight through processing rates.?


Additional information about TGBR can be found on Accuity?s Web site. To learn more about this comprehensive payment tool, request a free trial today or contact Accuity?s Customer Service Team.


ABOUT ACCUITY

Accuity is the leading provider of global payment routing data, AML screening software and services that allow organizations, across multiple industries, to maximize efficiency and facilitate compliance of their transactions. As the Official Registrar of ABA Routing Numbers since 1911, Accuity maintains the most authoritative and comprehensive databases globally with a reputation built on the accuracy and quality of our data, products and services. For more than 150 years, our worldwide clients, located in over 150 countries, have included C-level executives, managers, and technology professionals. The solutions and services we provide are packaged in multiple formats to serve their diverse needs. For more information, please visit http://www.accuitysolutions.com.


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Accuity Provides Comprehensive Clearing System Data to Enhance Payment Routing via Industry-Leading Solution

Skokie, IL (PRWEB) October 05, 2011

Accuity, the leading provider of payment routing data, AML screening data and software and professional services, continues to deliver access to the industry?s most complete database of global payment clearing systems information to maximize choice, lower costs and achieve intelligent payment routing via its powerful online payment look-up tool, The Global Banking Resource? (TGBR).


By identifying the clearing settlement systems that a bank?s global branches are linked to around the world ? such as UK Faster Payments Service, TARGET2, EBA Clearing, Fedwire and others ? TGBR allows users to select the optimal route for payment processing based on branch participation, cost structures and settlement timeframes. With more global clearing information than any other source, TGBR gives users the information needed to identify local clearing systems that will increase the payment straight through processing (STP) rate and lower costs.


Accuity?s role as the official provider of the Single Euro Payments Area (SEPA) adherence database, on behalf of the European Payments Council (EPC), allows it to provide further enhanced information, enabling TGBR users to identify which clearing and settlement mechanisms are equipped to make SEPA credit transfers and direct debits.


TGBR?s comprehensive database is powered by the industry?s Golden Copy of critical payment routing data, including SWIFT BICs, international routing codes, categorized Standard Settlement Instructions (SSI) data needed for compliance with SEPA payments and beyond. The solution?s user-friendly interface, powerful search functions and intelligent granular menus provide immediate access to more global payments data than any other payment solution in the industry. By providing comprehensive clearing and payments data, TGBR ensures users are better equipped to make informed decisions, save time and money and manage transaction logistics.


?In the wake of the global financial crisis, institutions are looking for effective ways to reduce costs and increase efficiency,? said Robert McKay, Managing Director of Accuity?s payment solutions. ?TGBR is an example of Accuity?s mission to provide the required information, tools and functionality to leverage intelligent payment routing capabilities and increase payment straight through processing ? and better-routed payments save institutions both time and money.?


Additional information about TGBR can be found on Accuity?s Web site. To learn more about this comprehensive payment tool, request a free trial today or contact Accuity?s Customer Service Team at custserv(at)accuitysolutions(dot)com.


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