trilium banner March 2012
     

15/06/2011

By Scott Thompson

UBI Banca International has deployed SEPA payments processing systems from Fundtech. The bank, located in Luxembourg, becomes Fundtech’s 34th SEPA client. It is using PAYplus FTS for SEPA and SWIFT payments in both its home country and Germany, and says it has plans for further expansion.

According to Sonja Colli, chief operating officer at UBI Banca: “The PAYplus FTS solution has made it easy for us to extend our payments infrastructure to include SEPA.”

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Other stories you may find of interest:

SDD launches payments revolution - JPM, Citi, db & others unveil offerings
JP Morgan's Treasury Services division says it is already helping its clients to enhance European receivables management with its new SEPA Direct Debit (SDD) services, launched today to coincide with the inaugural day of the latest Single Euro Payments Area (SEPA) scheme. Other banks, such as Citi and Deutsche Bank are, of course, also marking this important occasion

SEPA Council formed to encourage EU payments convergence and salvage project
The Single Euro Payments Area (SEPA) Council has met for the first time. The body, brought about by the ECB and European Council (EC), consists of representatives from the demand and supply sides of the European payments market

Payments upgraded for SEPA DD + other payments news
The SIX Group, the Swiss financial market infrastructure provider, is now offering a Single Euro Payments Area-compatible Direct Debit service for Swiss clients and others across the continent. Launched in cooperation with the SECB Swiss Euro Clearing Bank, Frankfurt, it starts on 2 November 2009, in readiness for the official unveiling of SEPA DD. The original launch date has, of course, been called into question by the French SEPA Committee's decision to announce a year-long delay but the jockeying for position in the payments space is still continuing as various competitors hunt for volume. See here for more payments news...

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