Bankers World Online REACH
Your online access to global payment reference data
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
Global reach
Offers comprehensive access to all SwiftRef data, ensuring global reach for financial transactions.
Accurate identification
Facilitates correct identification of payment correspondents in both cross-border and domestic markets, enhancing transaction accuracy.
Efficient validation
Validates payment correspondents' SSIs, account, and IBAN structures, streamlining the payment process.
Membership verification
Verifies payment correspondents' membership to local clearing and settlement systems, ensuring reliable transactions.
Up-to-date Information
Provides a single source for searches on global, accurate, and up-to-date payment information.
Easy online access
Delivers easy online access to payments reference data through a secure online platform, simplifying data retrieval.