EBAday

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Equens establishes bilateral interoperability with Iberpay and Seceti

/EBAday

Equens establishes bilateral interoperability with Iberpay and Seceti

European payments processor Equens says it has begun the bilateral exchange of Sepa payments with Spain's Iberpay and Italian processor Seceti using procedures established under the European Automated Clearing House Association (Eacha) framework.

Fundtech acquires EIPP outfit Accountis

/EBAday

Fundtech acquires EIPP outfit Accountis

US financial technology vendor Fundtech has acquired Accountis, a UK provider of electronic invoice presentment and payment (EIPP) systems, for a total consideration of £5.8 million in cash.

Deutsche Bank to mark Sepa launch with charity payments; EBA to link Polish banks

/EBAday

Deutsche Bank to mark Sepa launch with charity payments; EBA to link Polish banks

Deutsche Bank is marking the launch of the single euro payments area (Sepa) by making compliant payments of EUR2801 - representing the date of the launch - to charities within the 15 euro zone countries.

European card schemes to establish cross-border network

/EBAday

European card schemes to establish cross-border network

A Brussels-based company that aims to link national debit card systems to process cross-border transactions across Europe has been established by The Euro Alliance of Payment Schemes (EAPS), a consortium of six of the region's largest national operators.

CB.Net wins European Payments Council Sepa data mandate

/EBAday

CB.Net wins European Payments Council Sepa data mandate

UK reference data firm CB.Net has been chosen by the European Payments Council (EPC) to provide and manage the centralised repository for the EPC Sepa Credit Transfer (SCT) and Sepa Direct Debit (SDD) schemes.

Deutsche Bank to shield corporate customers from Sepa changes

/EBAday

Deutsche Bank to shield corporate customers from Sepa changes

Deutsche Bank has unveiled a four-pillar strategy to handle all payments with Sepa criteria in the same way as legacy domestic mass payments, irrespective of format, value and access channel. It will also provide message transformation, a new account model, and support for transaction initiation and reconciliation processes for its corporate clients.

Swedbank selects TietoEnator to develop Sepa platform

/EBAday

Swedbank selects TietoEnator to develop Sepa platform

European banking group Swedbank has contracted with Nordic IT vendor TietoEnator for the development and implementation of a system to manage Sepa credit transfers.

Sepa success subject to incentives for corporates - report

/EBAday

Sepa success subject to incentives for corporates - report

The push to create a Single Euro Payments Area (Sepa) by 2012 will fail unless regulators provide incentives to public administrations and corporations to adopt the new payments instruments, according to research from CapGemini, ABN Amro and The European Financial Management & Marketing Association (Efma).

E-invoicing network to save EUR243 billion in EU supply chain costs

/EBAday

E-invoicing network to save EUR243 billion in EU supply chain costs

The European Commission (EC) is setting up a steering committee to oversee the establishment of a common invoicing framework that would allow businesses across the region to send invoices and receive corresponding payments electronically.

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

/EBAday

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

A European Central Bank (ECB) study into the economic impact of the single euro payments area (Sepa) finds that banks will incur the most costs in the period where national and Sepa payment infrastructures coexist. It recommends keeping this period as short as possible to help banks more quickly achieve economies of scale as payments revenues begin to drop due to competitive pressures.

ECB calls for creation of new Europe-wide debit card scheme

/EBAday

ECB calls for creation of new Europe-wide debit card scheme

The European Central bank has called on the banking industry to set up a rival debit card scheme to challenge the dominance of Maestro in the Single Euro Payments Area (Sepa).

Czech bank Ceská sporitelna selects TietoEnator for e-invoicing

/EBAday

Czech bank Ceská sporitelna selects TietoEnator for e-invoicing

Ceská sporitelna, the largest commercial bank in the Czech Republic, is introducing a business-to-business electronic invoicing service based on technology supplied by Nordic vendor TietoEnator.

EBAday: Sepa vision blighted without corporate input

/EBAday

EBAday: Sepa vision blighted without corporate input

The European quest to create a true single payments area will not be achieved unless the banking industry looks beyond short-term compliance requirements and takes a strategic perspective that incorporates the views of all stakeholders, including corporates, delegates attending the EBAday payments conference in Rome have been told.

La Caixa implements Microsoft's BizTalk for Sepa and Swift transactions

/EBAday

La Caixa implements Microsoft's BizTalk for Sepa and Swift transactions

Spanish banking group La Caixa d'Estalvis y Pensions de Barcelona (La Caixa) is using technology from Microsoft to develop a payments platform to support its new single euro payments area (Sepa) and Swift InterAct and FileAct messaging services.

Equens and Seceti ink Sepa clearing services deal

/EBAday

Equens and Seceti ink Sepa clearing services deal

European payments firm Equens has signed a reciprocal deal with Italian card processor Seceti to provide clearing services to clients following the introduction of the single euro payments area (Sepa) in 2008.

EAPS members to set up Brussels-based company

/EBAday

EAPS members to set up Brussels-based company

The founding members of the Euro Alliance of Payment Schemes (EAPS) - an initiative established with the aim of linking national debit card systems to process cross-border transactions - are setting up a not-for-profit company in the second half of 2007, which will be headquartered in Brussels.

Equens bags OP Bank payments outsourcing mandate

/EBAday

Equens bags OP Bank payments outsourcing mandate

Pan-European payments processor Equens has won a contract to provide outsourced payments transaction services to Finland's OP Bank Group.

EU banks discuss debit rival to MasterCard and Visa

/EBAday

EU banks discuss debit rival to MasterCard and Visa

A group of Europe's largest banks are holding secret discussions to establish a pan-European debit card scheme that would challenge those operated by MasterCard and Visa, according to banking consultancy Lafferty Group.

ECB proposes new legal framework for card schemes

/EBAday

ECB proposes new legal framework for card schemes

The European Central Bank is proposing to establish a new cross-border legal framework to oversee all card payment schemes operating in the euro zone.

European savings banks hit out at Payments Directive

/EBAday

European savings banks hit out at Payments Directive

European savings banks have criticised the recently approved text of the Payment Services Directive for undermining electronic payments at the expense of hard cash.

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