First Three Banks Complete End-to-end SEPA Direct Debit Pilot
VocaLink has completed a first SEPA Direct Debit (SDD) pilot with participation from ABN, BAWAG P.S.K., The Royal Bank of Scotland Group and a number of their corporate customers.
VocaLink says that the SDD pilot has allowed the three participant banks to test fully a broad range of SDD business-to-business (B2B) services in a safe, virtual environment without internal IT changes or significant operational or reputational risk.
BAWAG P.S.K. ran the pilot in conjunction with two of its corporate clients and is planning to start promoting the benefits of the SDD B2B services in the coming weeks.