More NewsIFS Supports SEPA with Advanced Applications

IFS Supports SEPA with Advanced Applications

IFS Applications is now ready for the next stage of the single euro payments area (SEPA), which will allow quicker, cheaper payment transactions for companies in all industries across Europe. IFS has developed its technology to manage the new payments system ahead of the launch of the regulation’s second stage, SEPA Direct Debits, in November 2009. The first stage, which went live in January 2008, made it possible for companies to gradually start using SEPA payment transactions dependant on bank services becoming available. IFS Applications will support two of the three types of transaction affected by SEPA – credit transfer, which is already supported and operational, and direct debit, which the company will be able to support fully, becoming operational by the end of 2009 in time for SEPA’s 2010 deadline. The third type of transaction, card framework, may be adopted in future pending the level of customer demand.

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