Bellin adds SEPA real-time payments support following Deutsche Bank test
German treasury management system provider Bellin has announced it has integrated support for single euro payments area (SEPA) real-time payments into its software solutions. This is in accordance with the specifications of the German Banking Industry Committee, the industry association of the German banking industry. This enables, in principle, all corporate customers whose banks offer such a service to execute real-time payments as a SEPA Instant Credit Transfer via the EBICS channel using Bellin’s treasury management system from November 17 when the specifications enter into force. Bellin was able to successfully test this new functionality in advance with Deutsche Bank, which has been offering this service for some time.
In addition to direct processing of the payment order, the end-to-end status information available is particularly valuable for treasurers. After processing the real-time payment, the bank provides a report documenting the credit to the recipient. Bellin’s system displays this status immediately.
For Bellin’s corporate customers which use the EBICS channel, the technology is designed to smooth the transition to the era of real-time payments and processing of end-to-end status messages for single and bulk payments. This follows Bellin’s announcement in June that it had successfully integrated SWIFT g4C technology into its solution.