Accuity Enhances Data to Indentify SEPA-compliant Banks
Accuity has enhanced its payments data with information to identify the single euro payments area (SEPA) Direct Debit-compliant financial institutions and help customers process direct debit payments across the SEPA region.
To effectively process SEPA Direct Debits (SDD) payments, payment originators must first be able to identify which banks have registered as participants within these schemes. Accuity has enhanced its payment data and now identifies SDD participants in its Global Payment File-Plus, a payments data source covering bank locales worldwide complete with standard settlement instructions (SSIs) for specific financial institutions, and the Global Banking Resource, an online search engine that offers access to a global database of financial institution information.
As the official provider of the European Payments Council (EPC) SEPA adherence database, Accuity has developed a unique perspective and understanding of the data and solutions required to ensure effective payment processing and increase payment STP for customers making payments in the SEPA region.