Vilmos Levente Kovacs

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Managing Director

Simplexion Informatikai Kft.

Member since

13 Mar 2011

Location

Budapest

Bio

I'm the owner of Simplexion, the Hungarian SWIFT Ready service provider. At Hungary same day clearing for domestic payment is under implementation. To become a well known specialist about payment messages I have started blogging. I'd like to extend my relationship with Finextra to the European marke

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Managing Director

Simplexion Informatikai Kft.

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Latest opinions

Why all bank closed at weekend?

Since Saturday became non working day bank have been the only closed service on weekend. Although in that accelerated world retail purchasing is shifted to weekend. Paying cashless seller only can reach the money in the next working day at best case. This statement also through to payment card transactions too because in case of card usage, only a...

24 August 2011 Electronic Bank Account Management

Breaking news: branch will not be on Sziget festival!

Having no reason for the bank of Sziget to establish a branch office to the festival, because the organizers let only to pay with those contactless payment card which given next to the entrance band. This also means that cash nowhere will be accepted in the territory of the festival. As I know the implemented system graduated well in Volt festival...

30 July 2011

Identification problem in SDD scheme?

By the SEPA Direct Debit (SDD) scheme, which is currently under implementation is Single Euro Payment Area (SEPA) client authorize the service provider to collect. Under this mandate the service provider authorize its bank to collect the cost of service usage. SDD also allows up to single point of collection. The aim by the regulator to implement ...

29 July 2011 Payments strategies 2015-2020-2030

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Latest comments

Will be bank account portability in Hungary?

Dear Christina,

Thank you for your comment. International and SEPA transfer the BIC code has to be specified. Therefore the transaction can arrive to the designated financial institute.

But you have right, the best issue about account portability is that the bank change no need any closure of account. That's why authority regulation is needable, because the leaved financial institute have to redirect the transaction to the account manager institute.

Best regards,

Vilmos Kovacs

27 Jun 2011 14:35 Read comment