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For immediate release

CB.NET RAISES AMBITIONS OF THE INTERNATIONAL PAYMENTS INDUSTRY IN ITS PLANS FOR SIBOS 2006

CB.Net to Offer Improved Access and Coverage of the Latest Reference Data via www.cbnet.info, its Enhanced Online Offering

London, 16 August 2006 – CB.Net, a leading reference data provider, today announced its plans for Sibos, S.W.I.F.T.’s annual, global conference, taking place in Sydney, Australia, 9-13 October 2006. At the event, CB.Net will demonstrate the CB.Net Payments Reference Data Service (PRDS) and launch its enhanced online product offerings that deliver access to the most up-to-date global payments data available in the industry today.

www.cbnet.info will offer wider access to payments data in an easy-to-understand format including Bank Identification Codes (BICs), International Bank Account Numbers (IBANs) and payment channel information. The website will provide enhanced search and navigation tools and free trials of all CB.Net services. Visitors can select the products they want to trial, according to their individual requirements. It includes access to CB.Net’s international payments directory BankSearchPlus, which is updated daily with Standard Settlement Instructions (SSIs), BICs and national clearing codes of 4,700 banks in 217 countries worldwide.

Ian Dunning, managing director, CB.Net, comments: “This year’s theme at Sibos, ‘Raising Ambitions’, invites the global financial community to set the agenda for the future. CB.Net has been working with a number of industry leaders, as well as governmental organisations to help take the pain out of the increasingly complex area of international payments data management.”

Dunning adds: “With the changing regulations of the Single European Payments Area (SEPA) on the horizon, the need for a single, reliable and comprehensive source of payments data has never been more crucial to the smooth running of the global banking industry. CB.Net’s PRDS offers a lifeline for the realisation of these ambitions.”

CB.Net’s team of reference data specialists will be on hand at Sibos, stand KO7, to provide advice on reference data management and deliver live demonstrations of BankSearchPlus Online.

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Press enquiries to:

Nicolle Farthing / Julia Gregory-Royle, Cre8 Results Limited
Email: cbnet@cre8results.com
Tel: +44 (0)20 7734 9199

About CB.Net

www.cbnet.info

CB.Net is a data provider dedicated to the delivery of reference data solutions to the global banking community. Established in June 2000 by a group of bankers and IT professionals, London-based CB.Net provides reliable up-to-date reference data, enabling its clients to achieve cost savings and greater efficiency in international payments.

CB.Net's flagship product, BankSearchPlus, is the definitive international payments directory, delivering critical operational data in one source – both as a web-based query tool and as a data feed – directly into back office systems.
BankSearchPlus contains over 90,000 Standard Settlement Instructions (SSIs) linked to 8,700 BICs and national clearing codes for over 100 countries. Other BankSearchPlus components include IBAN2BICTM, which validates and links IBANs to the issuing banks and BIChistoryTM – a complete history of all BICs since Q4 1999.

BroadcastAlert is the first service to bring SWIFT MT094 Broadcasts direct to email, daily, while BroadcastSearch is the established service banks use to streamline access to SWIFT MT094 Broadcasts. Updated twice daily, BroadcastSearch is a complete online archive of MT094 messages, from January 2000 to date. BroadcastSearch is fully searchable in an easy to use and accessible format – a rich source of operational data.

This press release was distributed by ResponseSource Press Release Wire on behalf of Cre8 Results in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.