The Skokie, Ill., payment data provider Accuity has agreed to distribute bank identification codes on behalf of the Society for Worldwide Interbank Financial Telecommunication.
The agreement was announced Monday. Accuity said it would be the first company authorized by Swift to provide banks with the codes.
Accuity has served as the American Bankers Association's official registrar for U.S. banks' routing numbers since 1911. Accuity is a unit of SourceMedia Inc., which also publishes American Banker.
Swift has been selected to administer bank identification codes, which serve a function similar to routing numbers for foreign banks.
Accuity will collect the code data from banks and will receive a direct data feed from Swift to keep its database updated.
