Solution introduction
Virtual IBANs, fully supported by BCB Group infrastructure, are an important enhancement to the IBAN identifiers used in traditional fiat account payments
Our payment accounts can be partitioned into any number of sub-accounts, which can be labelled with an organisation’s own specific client names. Each is identified by its own virtual International Bank Account Number (or Virtual IBAN)
Virtual IBANs (VIBANs) are fast becoming an indispensable tool for ambitious businesses handling high payment volumes with multiple counterparties – customers or suppliers. Under a single account, an unlimited number of unique, client-specific VIBANs can be created – almost instantaneously – removing the need for manual reconciliation and payment reference numbers.
