More NewsEquens and VocaLink Extend SEPA Credit Transfer Interoperability Agreement to SEPA Direct Debits

Equens and VocaLink Extend SEPA Credit Transfer Interoperability Agreement to SEPA Direct Debits

Equens and VocaLink have extended their bilateral agreement to include single euro payments area (SEPA) Direct Debit (SDD) payment processing, in addition to the SEPA Credit Transfer (SCT) service already offered. Both companies have signed a letter of intent (LOI) on this matter. The companies say that interoperability agreement helps to create a more competitive payments market as banks will be able to choose which processor they want to use for SDDs, as well as SCTs. It is the intention to go-live with the extended interconnection with the start of SDD on 2 November 2009.

This interoperability agreement is based on Interoperability Framework version 4.1 of the European Automated Clearing House Association (EACHA). Version 4.1 elaborates on the improved process for exchanging and sharing of reach. It also provides details on all the interoperability provisions for SDD messages for both core and business-to-business.

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