EBAday

783 articles tagged with this keyword

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PBS teams with Clear2Pay on combined Sepa direct debit and credit transfer service

Danish payment body PBS has implemented technology from Brussels-based Clear2Pay to provide its bank and corporate clients with a combined Sepa-compliant direct debit and credit transfer service.

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Banks face five year wait to recover lost revenue from Sepa

Almost half of European banks expect it to take over five years to replace payments-related revenue lost following the introduction of the European Union's single euro payments area (Sepa), while 13% say they will never be able to recover the lost revenue, according to a poll by e-payments outfit Fundtech.

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Royal Bank of Scotland selects Accountis for e-invoicing

The Royal Bank of Scotland (RBS) is implementing technology from Fundtech-subsidiary Accountis to provide bank-branded electronic invoicing services to its corporate customers.

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ING and Atos Origin partner on Sepa payments services

Dutch banking group ING and Paris-listed IT services firm Atos Origin are teaming up to provide Sepa-compliant payment processing services to banks and corporations in Europe.

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EBAday to focus on corporates' role in the future of European payments

More than 400 representatives from banks and 200 leading corporates will convene at the Marina Congress Centre, Helsinki, on 25-26 June to look beyond the practical compliance requirements of operating in the single euro payments area and deal with the strategic questions that banks and corporates must address together if they are to prosper.

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Gresham names Sepkes executive chairman; posts widening losses

UK financial software house Gresham Computing has recruited industry expert Eric Sepkes as executive chairman as it looks to boost its business and reverse a slide in revenue and profits.

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Card fraud threatens development of European payments network - EC

Credit and debit card fraud continues to undermine consumer confidence and threatens to hinder the development of a cross-border payments network in Europe, according to a European Commission (EC) report.

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Inconsistent PSD implementation threatens Sepa project- Logica

Disparities in the implementation of the European Payments Services Directive (PSD) across EU borders may lead to a reinforcement of national payments networks and undermine the push for a single euro payments area (Sepa), says a new report from IT services firm Logica.

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European payments industry to convene in Helsinki

Finextra Research and the Euro Banking Association will this year hold their annual European payments forum - EBAday 2008 - over two days in Helsinki in June, with the support of lead sponsors Deutsche Bank, JPMorgan Chase, Nordea, Pohjola Bank, and Logica.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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).

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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.

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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.

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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).