25 August 2016
Find out more

European payment processors in interoperability pact

02 October 2007  |  8710 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.
KeywordsSEPA

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Banks not ready for Sepa deadline - Finextra research

Banks not ready for Sepa deadline - Finextra research

01 October 2007  |  5994 views  |  0 comments
CB.Net wins European Payments Council Sepa data mandate

CB.Net wins European Payments Council Sepa data mandate

27 September 2007  |  6207 views  |  0 comments
Equens and Seceti to combine operations

Equens and Seceti to combine operations

27 September 2007  |  6943 views  |  0 comments
Deutsche Bank to shield corporate customers from Sepa changes

Deutsche Bank to shield corporate customers from Sepa changes

18 September 2007  |  5890 views  |  0 comments
Sepa success subject to incentives for corporates - report

Sepa success subject to incentives for corporates - report

13 September 2007  |  7968 views  |  0 comments
Sepa dual implementation phase should be as short as possible: ECB study

Sepa dual implementation phase should be as short as possible: ECB study

23 August 2007  |  6431 views  |  0 comments
Dexia turns to Sterci for payments overhaul

Dexia turns to Sterci for payments overhaul

16 July 2007  |  6664 views  |  0 comments
Equens and Seceti ink Sepa clearing services deal

Equens and Seceti ink Sepa clearing services deal

01 June 2007  |  5817 views  |  0 comments

Related company news

 

Related company information

Equens

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit equens.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
hands typing furiouslyBlockchain: what to expect for 2017?
7812 views 0 | 52 tweets | 43 linkedin
hands typing furiouslyBig Data's Three Big Trends in 2016
6620 views 3 | 22 tweets | 12 linkedin
Teenager avoids conviction for CommBank DDoS attackTeenager avoids conviction for CommBank DD...
5984 views comments | 2 tweets | 3 linkedin
Nordea looking for AI and blockchain breakthroughsNordea looking for AI and blockchain break...
5913 views comments | 17 tweets | 17 linkedin

Featured job

Find your next job