Life after the hype: SEPA payments
Since its introduction in Europe in 2014, the general hype surrounding SEPA in the finance world has subsided significantly. However, the discussion about SEPA is far from over. Reason enough for each company and financial institution to still give this subject great attention.
The new speed of SEPA payments
The introduction of SEPA instant payments allows funds to be transferred in the matter of a few seconds. The procedure places new demands on payment service providers who, in addition to the implementation, must also keep an eye on constantly increasing customer demands for mobility and flexibility.
Whitepaper Instant Payments
Real-time payments still play only a minor role in the European payments market. That will change in the foreseeable future. The main driver for this is the EU Commission's plan to make instant payments a mandatory offering of financial institutions. The latest whitepaper "Instant payments on the way to the new normal" shows why this is an advantage for the institutions, which business models will become possible and what role additional services play in this.
The long way to a global solution
Admittedly, not only in Europe are instant payments a current topic. However, there is still a long way to go for the conception of a global stringent solution. The implementation of existing systems into a standardised framework and the creation of a global connectivity will be some of the critical factors in the coming years. For financial institutions who tackle this task early on, presenting a well thought out solution is going to be a decisive competitive advantage.
Suitable solutions for complex challenges
In the midterm, SEPA instant payments will be established as the new standard for EU credit transfers. Both private and business customers of any size will profit from transactions that in the future are executed in a secure and fast way from the initial order to the executed instruction – virtually in real time. PPI offers financial institutions and payment service providers efficient and tailor-made solutions for instant payments.
Financial institutions as ID providers? Seize your opportunity!
The advancing digitalisation presents financial institutions with the challenge of converting their products into digital services. This increases the need for verified digital identities that can be used instead of physical IDs when concluding a contract.
Performant and secure online banking on a multi-channel platform
The benefits of TRAVIC-Retail are evident: numerous access channels for online banking, various interfaces for the connection of bank-technical systems, multi-client capability and business transactions that can be individually expanded. Computer centres and medium-sized financial institutions can use this secure and flexible solution to connect all online banking features for private clients and smaller medium-sized companies.
Core processing of all bank-internal payments processes for SEPA instant payments
Instant payments present completely new challenges for financial institutions and require extensive modifications to the processing systems. With TRAVIC-Payment Hub, financial institutions benefit from an excellent, high-performance platform for payments which is explicitly optimised for the processing of real-time payments – maintenance-free in 24/7/365 operation.
Secure exchange of payment information between financial institutions
TRAVIC-Interbank is Europe’s leading system for the bilateral data exchange in SEPA and garage clearing for financial institutions and clearing participants.