More NewsClear2Pay receives a government grant for its SEPA development strategy

Clear2Pay receives a government grant for its SEPA development strategy

The IWT (Flemish Innovation Institute for Science and Technology) have granted Clear2Pay a subsidy for the development of the Multipurpose Pan-European Direct Debit (M-PEDD) project on the basis of its Open Payment Framework. The IWT supports technology innovation projects of companies on the basis of two elements: the scientific level and innovative character of the applied technology and the long term economic value for the development of the region. The M-PEDD development broadens the scope of the ‘classic’ B2C (business-to-consumer) application of SEPA Direct Debit (SDD) to B2B (business-to- business) and G2C (government-to-consumer). In addition Electronic Bill Presentment and Payment (EBPP) functionality will be added to the M-PEDD product. The value of the grant is 130,000 euros. Clear2Pay has also recently been accepted as an Associate Member of the European Banking Association (EBA), an organisation at the heart of SEPA developments in the sense of knowledge exchange, promotion and co-operation.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha