Connect to global payment schemes like SWIFT via AccessPay's secure, Enterprise-to-Bank Integration platform to gain complete control over cross-border payments and multi-banking relationships.
Find out more about our SWIFT certification
“AccessPay is really easy to use and it’s really made a difference for us. We are definitely a more efficient team because of it.”
Karen Fagan, Head of Treasury Operations, ITV Read the story
What is AccessPay's arrangement with SWIFT?
AccessPay signed a partnership agreement with SWIFT in 2013 which made us first in the market to offer cloud-based payments and cash management application with SWIFT connectivity. Our SWIFT partnership means that AccessPay clients can communicate securely with banks all over the world, with SWIFT financial messaging integrated seamlessly into their cloud-based solution.
How does AccessPay differ to a SWIFT bureau?
The two types of solutions are very different. SWIFT Bureau was the solution from 2000 to 2010. This was evolved by SWIFT and in 2013 the SWIFT.net ASP model was released.
Do I have to have a BIC to process international payments via SWIFT?
Yes. As a SWIFT-accredited platform, we can support your application to SWIFT for your own BIC. Please note that AccessPay does hold its own BIC, but this cannot be used for third party payments.
How much does it cost to process international payments via SWIFT with AccessPay?
There are no direct costs, other than our fixed yearly fee, charged by AccessPay. However, your bank or building society may charge their own costs for processing international payments, depending on whether you connect via the SWIFT network or H2H. We should also note that there is no limit, technical or logical, on the number or value of international transactions you can run through AccessPay.
How long does it take to set up international payments with AccessPay?
The more prepared you are, the easier and quicker it’ll be to set up payments with AccessPay. For international payments, the time it takes to complete the set up process depends on whether you’re connecting to banks via SWIFT (3 – 6 months) or H2H (5 – 7 weeks).
Do I need to be connected directly to SWIFT to receive statement messages?
No, you can ask us to instruct banks to send MT940 end-of-day statements to the AccessPay BIC. We will then present them in our platform for you to review. If you already have a SWIFT BIC hosted by AccessPay, that’s not a problem. Just ask your bank to send statements to your BIC and get in touch with us to enable our cash visibility application.
Want to know more? Call us on 020 3282 7152 or
The use of disparate systems and applications across the finance and treasury function can create unnecessary complexity, risk and inefficiency. By connecting these systems, The AccessPay platform empowers finance and treasury professionals to achieve their goals.
Get in touch to find out how AccessPay can help you and your finance or treasury team achieve your goals.
