20 April 2014

Irish bank community selects Sentenial to run Sepa conversion service

27 September 2012  |  4833 views  |  0 Sepa

Sepa specialist Sentenial has won a deal with the Irish banking community to provide a BIC and Iban conversion service for corporate customers.

The migration deadline for Sepa credit transfers and direct debits is less than 18 months away, meaning that Irish customers need to convert their existing Bban information to the Sepa required standards: BIC and Iban.

The Irish Payment Services Organisation has now picked Sentenial to provide a service to make this happen.

Sean Fitzgerald, CEO, Sentenial, says: "Now that the mandatory deadline for migration to Sepa has been set, it is vital for all corporates to begin evaluating their readiness for Sepa. If approached correctly, Sepa can offer many organisations key business opportunities and a platform for European expansion."

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