New payments service
Pan-European payments solutions providers EBA CLEARING has gone live with new optional services for users on its STEP2 platform which enables it to meet the requirements of SEPA (view press release). These services aim to meet the needs of the pan-European STEP2 user community and their customers.
The SEPA Direct Debit Core D-1 option and the Change Account Identification (CAI) option were implemented in STEP2 on 16th November 2012 as part of the STEP2 release of the November 2012 EPC Scheme Rulebooks, and is part of an overall program aimed at preparing the platform for a substantial part of the large domestic volumes that will migrate to SEPA before February 2014.
“We have implemented new key services as part of this release and will roll out additional features in the first half of 2013 to ensure that our banks have all the required functionality at their disposal for SEPA ramp-up,” said John Broxis, Director, STEP2 Services at EBA CLEARING.
In addition four Irish banks have begun to use EBA’s optional evening cycle for the STEP2 Credit Transfer Service which allows them to send payment messages until 21:00 CET for delivery to the beneficiary banks before midnight.
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