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Billed yearly
Updated database to support IBAN lookup for countries in EMEA
May 20, 2024
Introduced region-specific prompts for new countries supported
April 9, 2024
Enhanced error handling to display error codes for illegal characters
March 14, 2024
Improved IBAN transaction tracking by 30%
February 19, 2024
IBAN stands for "International Bank Account Number" and is an international standard to represent and identify bank accounts across countries in order to facilitate payments. The system was first started in Europe by the European Committee for Banking Standards, and has since grown into an international standard.
Although IBAN started in Europe, it has since been adopted by 77 countries as of May 2020. Furthermore, countries like the US and Canada may not support IBAN themselves, but banks within them may use the IBAN system to facilitate payments to countries and banks that do support the IBAN system.