Montran Expands Support for SEPA Instant Payments Across Europe for Banks

Introduction

In a significant move to enhance its service offerings, Montran, a leading global provider of payment system infrastructure, has announced an expansion of its consulting and connectivity services for SEPA (Single Euro Payments Area) instant payments across Europe. This initiative reflects the company's commitment to assist commercial banks in adapting to regulatory timelines associated with the European Union’s Instant Payment Regulation (IPR).

Background

The IPR mandates that Eurozone banks must be prepared to send and receive SEPA instant payments by October 2025, while banks in non-Eurozone EU countries have until July 2027 to comply. Montran's decision to broaden its support comes after successful implementations in countries such as Belgium, Germany, France, the United Kingdom, Bulgaria, Italy, and Romania. These efforts aim to ensure that financial institutions across the continent can meet compliance deadlines with confidence.

Enhanced Consulting Services

Montran's consulting teams are dedicated to guiding banks through the intricate requirements necessary for SEPA instant payments. Their offerings range from project scope determination to full implementation support. The consulting services include:

- Interpretation of SEPA instant payments documentation
- Messaging flows and business rules analysis
- Workshops and internal training sessions
- Support for internal test documentation
- Ongoing assistance for project teams

These services utilize Montran's experience, having supported over 30 banks on instant payment projects, allowing for simplified processes and expedited readiness.

Broader Deployment of Instant Payment Solutions

Additionally, Montran's Payments Gateway, a scalable solution already in use by various banks and central infrastructures, will be available for wider deployment throughout Europe. This platform offers direct connectivity to TIPS (Target Instant Payment Settlement), EBA RT1, and national instant payment systems, such as Romania's SENT CPI.

Key features of the Payments Gateway include:

- Support for instant payment systems in both euros and local currencies
- Real-time monitoring and dashboards
- Processing capabilities for high transaction volumes (up to 10 million daily)
- Flexible integration with existing core and digital banking systems

The solution is provided on-premise, backed by comprehensive support from Montran's local and international teams.

Conclusion

Montran is well-positioned to help the banking sector navigate the evolving landscape of instant payments in Europe. With its extensive expertise and innovative solutions, the company aims to pave the way for improved financial service delivery across the continent. For more information, visit www.montran.com.