More NewsVocaLink and Eiger Systems Launch Corporate Access Service for European Payments

VocaLink and Eiger Systems Launch Corporate Access Service for European Payments

VocaLink and Eiger Systems have announced a partnership to provide a new corporate access service to banks and their business customers across Europe. The service provides banks with a platform for their business customers to use for submitting their euro payments. It will offer secure access through a single channel to shared services for banks and their business customers allowing them to originate and manage single euro payments area (SEPA) transactions. Building on the recently launched VocaLink € Clearing and Settlement Mechanism (€CSM), as well as both companies’ experience, this end-to-end service will allow businesses to take advantage of the opportunities that the SEPA provides. It will also give banks a competitive edge by enabling their business customers to take advantage of the latest SEPA schemes at a low cost. Banks offering the corporate access service to their business customers will register and control the rights of their users online. Advanced gateway software from Eiger Systems connects the corporate back office to the VocaLink €CSM service over a choice of secure connections with the identity of the customer authenticated using bank-issued IdenTrust credentials. The corporate access service can be branded by the individual banks to reinforce the bank’s role in providing access to euro payment services for their customers.

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