Liechtensteinische Landesbank has chosen EBICS for payments
LLB, the oldest multipurpose bank in Liechtenstein, has a long lasting presence in the Swiss Banking Market, also with its subsidiary Bank Linth. As part of the agreed harmonisation of payment systems in Switzerland, LLB has decided to process electronic payments using EBICS (Electronic Banking Internet Communication Standard). Thus LLB has chosen to use a standard which is in the meantime is well established for corporate clients in the financial communities of Germany, France and Switzerland. “We chose EBICS because it facilitates transactions in the eurozone and also meets the latest requirements for secure, state-of-the-art, fast and flexible communication between corporates and the bank”, says Carsten Miehling, CEO of PPI Switzerland.
The EBICS protocol simplifies the pursuit of multi-bank strategies for corporates. Payment authorisation with the Distributed Electronic Signature is among one of the features used and liked by international corporates. “EBICS speeds up payment processing and enables even large amounts of data to be quickly and securely transferred via the internet”, explains Carsten Miehling. “Liechtensteinische Landesbank has chosen the most up-to-date and therefore secure version of EBICS. This means LLB’s corporate clients can be sure that the EBICS interface fulfills all the international directives, particularly those of the SIX EBICS Working Party.”particularly those of the SIX EBICS Working Party.”
LLB’s interface for corporate clients is based on the TRAVIC electronic banking system developed by PPI. Software manufacturers who want to test and integrate this interface should contact Oscar Neira at PPI Switzerland directly at oscar.neira(at)ppi-schweiz.ch.
PPI AG has been working successfully for banks and insurance companies for over 30 years. In 2014 the company and its 400 staff achieved revenue of €52 million in the areas of consulting, software development, business intelligence and products. In the banking sector, we specialise in payments, risk management and compliance. To insurance companies PPI offers technically and methodically excellent solutions for all their core processes. Our long-standing clients appreciate the high quality of our work as well as our absolute adherence to deadlines and budgets. Our experienced staff in Germany, France and Switzerland acts as a constant link between the specialist departments and IT experts.
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