07 October 2015

European payment processors in interoperability pact

02 October 2007  |  8412 views  |  0 Sepa

European payments processors Equens, Iberpay, Seceti Stet and VocaLink have jointly agreed to establish bilateral interoperability for the exchange of Sepa payments.

The processors forming the agreement handled over 18 billion in direct debit and credit transfer payments in 2006.

The group says it has commenced testing over SwiftNet FileAct and each company is making the necessary arrangements to ensure interoperability is achieved in time for the launch of the single euro payments area (Sepa) in January 2008.

The agreement will also see the first implementation of version 3.0 of the Technical Interoperability Framework, which was approved by the European Automated Clearing House Association (Eacha) in August. The framework was designed to help establish interoperability between banks and ACHs, as well as interoperability between European payment processors.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

01 October, 2007
27 September, 2007
27 September, 2007
18 September, 2007
13 September, 2007
23 August, 2007
16 July, 2007
01 June, 2007

Related company news


Related company information


Top topics

Most viewed Most shared
Shaping the Future of Banking: an event fo...
10450 views comments | 4 tweets | 2 linkedin
BNP Paribas to pilot cards with dynamic CV...
6886 views comments | 32 tweets | 37 linkedin
Worldpay trials facial recognition technol...
6637 views comments | 24 tweets | 39 linkedin
Faster Payments eases access for challenge...
4541 views comments | 20 tweets | 25 linkedin
Retail security bashing lobby group ABA ad...
4343 views comments | 16 tweets | 8 linkedin

Featured job

to £90K base, double OTE, share options
London, UK

Find your next job