The Extended Industry Sorting Code Directory (EISCD)
The EISCD is a comprehensive database of payments-related information for financial institutions participating in the UK Payment Schemes: Bacs, CHAPS, Faster Payments and Cheque and Credit Clearing. This often led to necessary routing information being missing from payments. Using data which is out of date can cause inconvenience to customers - their payment might be delayed or not processed - and it places a cost burden on businesses, individuals and banks as they rectify the problems which can arise.