Convert unstructured postal addresses into structured fields with PaySway
You can now leverage PaySway to convert unstructured postal addresses into accurate, structured formats.
Simply call our API to receive a structured output and use it in payment instructions and database records.
Aligning with the changes
When processing bank payments, especially internationally, financial institutions require certain data fields to be present: payer and payee names, account numbers[1], and payer addresses[2].
Banks use these fields to detect and investigate suspicious transactions according to national regulations. Unstructured addresses prevent quick and automatic decision-making. In contrast, structured addresses can speed up transfers and reduce manual back-office work.
Many payment schemes and messaging networks now support structured addresses and are planning to make them mandatory. Implementations vary: Swift, for example, starts with hybrid postal addresses (separating only the country and town names) in 2026, while SIC[3] goes straight to structured addresses as soon as 2025.
Even without external pressure, switching to structured addresses can improve payment efficiency, for example, by reducing generic rejections in instant integrations (such as RR04 in SCT Inst[4]).
How PaySway can support the transition
Implementing these changes can be difficult if you want to avoid disrupting existing applications or lack detailed address segmentation in the database.
With PaySway, you can achieve compliant and accurate results with minimal development, even for more complex cases. Send any address (in English or the local language) and receive a structured result ready for immediate use in your payment application.
PaySway supports the entire payment preparation journey beyond addresses. Its features validate, enrich, and optimize payment instructions, ensuring faster and more successful transfers with an improved user experience.
Schedule a call or email us at sales@paysway.io today to see a live demo and discuss your specific needs.
There are exceptions to these regulations. For example, the payer account number can be missing as long as there's a unique reference present. ↩︎
The address can be substituted by another identification element, such as date and place of birth. ↩︎
Swiss Interbank Clearing. ↩︎
'Regulatory Reason' in SEPA Instant payments, which is commonly used by banks when they cannot accept the payment within the scheme SLA. ↩︎