Payments reference data vendor Accuity has indicated its intention to buy rival vendor CB.Net for an as yet undisclosed amount. According to Accuity, it is currently consulting with its partners and customers concerning the deal, which may put it into a better position in the competitive payments data market.
CB.Net’s flagship product BankSearchPlus offers an electronic directory of official international payment data and this is in direct competition with Swift’s online query tool for payments reference data, which it is launching this week.
It is expected that Accuity will confirm the details of the deal later this week.
