Accuity

London, UK – December 16, 2010 – Accuity, the leading provider of global payment routing data and solutions for SEPA compliance, today announced that Deutsche Bank will recommend Accuity's international bank account number (IBAN) conversion and validation solutions to help their corporate clients meet the compliance challenges of the Single Euro Payment Area (SEPA) initiative. Accuity has similar partnership agreements with Bank of America Merrill Lynch and BNP Paribas.

Accuity's IBAN solutions enable organisations to convert legacy account details found in their customer, vendor and employee databases into valid IBANs and correct routing Bank Identifier Codes (BICs). By submitting payment transactions that contain the correct IBAN and routing BIC, clients should achieve higher rates of payment straight through processing (STP) and experience a reduction in the costs and inefficiencies associated with payment errors and repairs.

Accuity offers excellent customer service and the outstanding data quality evident in their comprehensive range of solutions, which includes the industry's Golden Copy of payment routing data.

"Accuity understands that for many organisations, especially those larger global companies that may maintain tens or even hundreds of thousands of records, the challenge of converting legacy account information can be significant," said Malcolm Taylor, Managing Director, EMEA and APAC for Accuity. "We are excited that Deutsche Bank have chosen to recommend our enhanced IBAN solutions to their valued customers who, in turn, will be able to reap the benefits associated with lower-cost, SEPA-compliant payment messages."

With today’s announcement regarding a SEPA-migration deadline, corporations need to make their payment systems IBAN ready within the required timeframe. Deutsche Bank clients interested in BBAN to IBAN conversion should e-mail: DeutscheBankCustomer@AccuitySolutions.com. For more information about Accuity’s IBAN solutions, please visit www.AccuitySolutions.com/SEPAEND.