Posts Tagged ‘SEPA’
Pay slips and SEPA slips using your iPhone by making a photo and processing the payment directly via online banking
Read MoreThis Column by Kimmo Linkama was one of the Winning Stories of the Open Competition by the EU Single Market Forum
Read MoreEuropean Commission has opened an antitrust investigation into the standardisation process for payments over the internet ('e-payments')
Read MoreUBL 2.1 provides a mapping of the UBL Invoice elements to the equivalent -estimated 170- SEPA pain elements
Read MoreDirect Debit functions well as a payment instrument for many creditors in the euro zone
Read MorePublished by Steve Keifer, Vice President of Industry and Product Marketing for GXS
Read MoreEuropean Commission aims for cheaper and easier euro payments everywhere, within 12 to 24 months
Read MoreOld national credit transfers and direct debits time have to be migrated to SEPA instruments within 2 years
Read MoreIn a critical paper on the Sepa Direct Debit scheme the Payment Systems End User Committee (PS-EUC), says businesses have little incentive to switch to the new payments instrument.
Read MoreThe Netherlands Bankers’ Association (NVB) is preparing for the introduction of the Single Euro Payments Area (Sepa) with the introduction of a new nationwide Iban (International Bank Account Number) and BIC (Bank Identifier Code) look-up service for all Dutch citizens and corporates.
The introduction of the new tool is expected to speed compliance with Sepa by offering a single, co-ordinated system for BIC and Iban conversion that all Dutch banks can roll out to their account holders.
Users can request the correct Iban and BIC information using an online web service, the telephone via a voice response system or via an SMS message. A dedicated corporate Web service allows Dutch businesses to update batch files of Bbans (Basic Bank Account Numbers) with the correct corresponding Ibans and BICs for Sepa compliance.
The system was developed by Experian and commissioned by the Foundation Iban Service NL, on behalf of the Dutch banking community.
The introduction of the new coding has been identified as a potential stumbling block to Sepa uptake among European citizens and businesses.
Jim Conning, managing director, Experian Payments, comments: “We…have the European footprint to provide similar services to other EU banking communities who want to facilitate the move to Sepa payments smoothly”.
Source: sibosonline.com
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