Our SEPA solutions (direct debits and credit transfers)
The SEPA zone is made up of 36 countries, including 27 European Union countries as well as Monaco, Switzerland, Liechtenstein, Norway, Iceland, San Marino, the Vatican, Andorra, and the United Kingdom. The Single Euro Payments Area (SEPA) was introduced to harmonize, secure and facilitate payments in euros, such as SEPA credit transfers and direct debits, between member countries. SEPA also aims to speed up transaction processing times and reduce costs.
Here are a few of the benefits of SEPA payments (credit transfers or direct debits) with Treezor:
- Easy to use: all SEPA transactions are available via API. Therefore, you don’t need to implement the EBICS protocol to transfer payment orders under Treezor’s license (Agent model) or under your own license (Regulated Institution model).
- An integrated offer: our payment module is directly integrated into the interface with our core banking, making it easy to automate accounting reconciliation and quickly implement it.
- Implementation and regulatory controls handled by Treezor: for example, AML-CFT procedures and embargo sanctions are handled entirely by Treezor, saving you a lot of time and reducing your time-to-market.