Payments industry reference data provider Bankersalmanac.com says that the number of clearing codes it holds has exceeded 300,000, with coverage now spread across a total of 196 countries.
The company claims that it now offers the widest coverage in the industry. Bankersalmanac.com has also enhanced its IBAN search capabilities to help users identify the issuing bank of an IBAN and its associated payment details more easily.
A team collects and checks all of the new clearing codes in addition to maintaining the existing coverage. This is done through a process which involves liaison with the official sources for the data and the issuing banks directly. Bankersalmanac.com believes that this approach will ensure that the number of clearing codes continues to grow whilst the accuracy of the data is rigorously maintained.
“Increasing the global coverage of our clearing code data is an important and ongoing project,” says Ben Cleaveley, Senior Product Development Manager for Bankersalmanac.com. “It further demonstrates our commitment to providing the most comprehensive source of accurate payments data available today.”
Bankersalmanac.com’s clearing code milestone follows on from the increase in its categorised SSIs to 100,000.