SIA-SSB will offer banks in Italy SEPA Credit Transfers and SEPA Direct Debits processing services using the technical platform of EBA Clearing’s PEACH, STEP2.
The collaboration with EBA Clearing will guarantee banks a SEPA compliant service and full distribution capability to all European counterparts within SEPA, SIA-SSB said in a statement.
The shared platform approach allows for significant economies of scale and more efficient service levels to end-customers, both at the launch of the service and, thereafter, when evolving the service in line with EPC requirements.
“We see the cooperation with SIA-SSB on implementing our shared platform concept as a showcase for bank communities that want to take advantage of our platform for procuring SEPA services rather than developing and maintaining at high cost an own, new SEPA-compliant infrastructure,” says Gilbert Lichter, CEO of EBA Clearing.