Tag: BIC

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What is a BIC used for?...

In a previous blog we answered the question ‘what is a BIC’ (Business/Bank Identifier Code) but we didn’t delve into the detail about what a BIC is used for. As we saw in the last blog, a BIC is used to identify a specific business, most commonly a bank,...

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What is a BIC?...

Most people wonder what a BIC is when they are asked to provide one when making a payment, usually a cross-border payment. However, when you dig a little deeper, the answer to the question: What is a BIC? becomes rather more...

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5 reasons why you need to take care when using IBANs...

The move to global standardisation using ISO2022 XML has meant the adoption of the International Bank Account Number (IBAN) by many countries and organisations. This means the IBAN effectively supplants a country’s domestic bank account data, such as account number and sort code.  ...

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Experian at EuroFinance – European Payments Summ...

This week we will be attending and speaking at the European Payments Summit hosted by EuroFinance in Frankfurt - a one day conference on 7th...

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