Pfizer Case Study

In order to become SEPA compliant, Pfizer faced the task of validating IBANs on over 100,000 vendor records spread throughout Europe. Pfizer also needed to convert the account details on over 100,000 additional vendor records from BBANs into IBANs—most urgently for vendors based in Italy. The prospect of collecting this information directly from the vendors was not an efficient option and therefore turning to a reliable payment data provider that had a history of working with the processing bank, Citi, was recommended.