More NewsRetail Payment Processing Platform Launched by SIA

Retail Payment Processing Platform Launched by SIA

Italian financial IT provider SIA has launched an automated clearing house system for processing retail payments – SIA-ACH. SIA developed and currently manages the Bank of Italy’s ACH and EBA-STEP2, the pan-European Clearing House for retail payments in Euros, commissioned by the Euro Banking Association. SIA-ACH offers an innovative proprietary platform, designed to enhance central banks’ and ACH associations’ return over investments and guarantee efficiency and security, reducing risks. The modular structure allows SIA-ACH to be deployed in a reduced and cost-effective environment, or alternatively in an extended and high performance computing environment. Indeed, unlike traditional ACH services, a customised ACH solution can be promptly and easily shaped: a set of additional modules, each one focusing on a major functionality, is available to be quickly linked to the basic platform and to the needs of the central bank.

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