Home > News > Technology > Six European Automated Clearing Houses To Test Compliance With SEPA Standards Using SWIFT Testing Programme
Technology

Six European Automated Clearing Houses To Test Compliance With SEPA Standards Using SWIFT Testing Programme

Six Automated Clearing Houses (ACHs) processing the majority of retail payments in Europe are to test compliance with SEPA standards using the SWIFT Testing Programme. ACHs are also encouraging their clients, the major banks across Europe, to join the one

By None

Six Automated Clearing Houses (ACHs) processing the majority of retail payments in Europe are to test compliance with SEPA standards using the SWIFT Testing Programme.

ACHs are also encouraging their clients, the major banks across Europe, to join the one-time testing programme as part of their operational readiness assessment. More than 130 financial institutions have registered to date.

Dias (Greece), Equens (The Netherlands, Germany), IberPay (Spain), Seceti (Italy), SIBS (Portugal) and STET (France) will process SEPA compliant payments from 1 January 2008.

Their participation in the SWIFT SEPA Testing Programme is designed to confirm the infrastructure in place is compliant with SEPA standards and to foster a smooth migration for their bank customers. Banks participating will receive a SEPA standards compliance label upon successful completion of the programme.

«