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.

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.

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.

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.

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).

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.