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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?
Simplexion Informatikai Kft.
13 Mar 2011
This post is from a series of posts in the group:
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.