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A Finextra member
A Finextra member 24 September, 2012, 19:29Be the first to give this comment the thumbs up 0 likes

I am sorry but I am new to this website and think it is great that this platform exists to foster discussions on services such as the topic of weekend processing.  I was curious how the settlement piece works on the SEPA network.  The file transmission is currently supported on the FED rails in the US however the settlement portion is not supported.  Just out of curiosity, how does settlement occur today in the SEPA network?  Does this process require an account maintained on the network which must be prefunded? 

Vilmos Levente Kovacs

Vilmos Levente Kovacs

Managing Director

Simplexion Informatikai Kft.

Member since

13 Mar 2011

Location

Budapest

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8

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This post is from a series of posts in the group:

Electronic Bank Account Management

A group for discussion of how banks and corporates are moving towards standardisation and more efficient, automated processes for opening, maintaining and closing bank accounts.


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