More NewsEquens Processes Its First SEPA Credit Transfer Payments

Equens Processes Its First SEPA Credit Transfer Payments

Equens successfully processed its first SEPA Credit Transfer payments today, 28 January. This means that from today, Equens’ systems are fully in line with the international agreements of the European Payment Council on this subject, and comply with the SEPA requirements. In terms of processing cross-border payments using bank cards, the Equens infrastructure has been compliant with the SEPA Card Framework since 1 January 2008. Michael Steinbach, Chairman of Equens’ Board of Directors: “SEPA became operational today.” SEPA will contribute to greater competition, new products, improved efficiency and lower costs as a result of economies of scale. “Thanks to our strategic choice to process both giro-based and card transactions, we have already distinguished ourselves from our competitors. Equens also aims to discover the full potential of new transaction types in several markets. This has resulted in an ever-growing product line of innovative payment solutions with regard to, for example, the mobile payments industry, e-invoicing and the prepaid card market,” Mr Steinbach stated.

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