EastNets Launches Entry-level SWIFT Connectivity Service
EastNets, a global provider of compliance and payments solutions and services, has launched en.PaymentSafe, a new service which supports entry-level connectivity to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) network.
en.PaymentSafe enables low-volume users to process their financial messages seamlessly and at low cost. It leverages existing EastNets products that facilitate SWIFT message creation, verification, authorisation and approval; anti-money laundering (AML) checks; reporting; bank identifier codes (BIC) and international bank account number (IBAN) validation.
The solution runs on the EastNets Service Bureau (en.Service Bureau), a managed service that connects more than 250 financial institutions to the SWIFT Network.