Equens and VocaLink have extended their bilateral agreement to include single euro payments area (SEPA) Direct Debit (SDD) payment processing, in addition to the SEPA Credit Transfer (SCT) service already offered. Both companies have signed a letter of intent (LOI) on this matter. The companies say that interoperability agreement helps to create a more competitive payments market as banks will be able to choose which processor they want to use for SDDs, as well as SCTs. It is the intention to go-live with the extended interconnection with the start of SDD on 2 November 2009.
This interoperability agreement is based on Interoperability Framework version 4.1 of the European Automated Clearing House Association (EACHA). Version 4.1 elaborates on the improved process for exchanging and sharing of reach. It also provides details on all the interoperability provisions for SDD messages for both core and business-to-business.
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