Equens successfully processed its first SEPA Credit Transfer payments today, 28 January. This means that from today, Equens’ systems are fully in line with the international agreements of the European Payment Council on this subject, and comply with the SEPA requirements. In terms of processing cross-border payments using bank cards, the Equens infrastructure has been compliant with the SEPA Card Framework since 1 January 2008. Michael Steinbach, Chairman of Equens’ Board of Directors: “SEPA became operational today.” SEPA will contribute to greater competition, new products, improved efficiency and lower costs as a result of economies of scale. “Thanks to our strategic choice to process both giro-based and card transactions, we have already distinguished ourselves from our competitors. Equens also aims to discover the full potential of new transaction types in several markets. This has resulted in an ever-growing product line of innovative payment solutions with regard to, for example, the mobile payments industry, e-invoicing and the prepaid card market,” Mr Steinbach stated.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more