Montran Expands Immediate SEPA Payment Support Services Across Europe
Montran Expands Immediate SEPA Payment Support Services Across Europe
Montran, a prominent global provider of payment infrastructure solutions, recently announced the expansion of its immediate SEPA (Single Euro Payments Area) payment support services across Europe. This initiative reflects the company's commitment to helping commercial banks comply with stringent regulations in the region. With previous successful implementations in countries like Belgium, Germany, France, the UK, Bulgaria, Italy, and Romania, Montran is poised to further assist financial institutions across the continent as they prepare to meet upcoming compliance deadlines set by the IPR Regulation (Instant Payment Regulations).
The IPR mandates that Eurozone banks must be ready to send and receive SEPA immediate payments by October 2025. Non-Eurozone EU countries have until July 2027 to comply. With these new mandates, Montran is leveraging its extensive experience, which has been previously utilized in select markets, offering a comprehensive approach to payment readiness to financial institutions throughout Europe.
Increased Availability of Consulting Services
Montran’s consulting teams are actively supporting banks in fulfilling the obligations related to SEPA immediate payments. Their offerings include detailed consulting assistance, which spans from the initial project scoping to full implementation. The services provided by Montran encompass:
- - Interpretation of immediate SEPA payment documentation
- - Analysis of messaging flows and business rules
- - Workshop sessions and internal training
- - Support in preparing internal testing documentation
- - Ongoing assistance for project teams
Having supported more than 30 banks with their immediate payment initiatives, Montran aims to reduce complexity in processes and expedite compliance readiness for its clients.
Expanded Connectivity Solutions for Immediate Payments
Montran’s Payments Gateway is a scalable solution that has already been adopted by banks and central infrastructures; it is now available for wider deployment across Europe. The solution facilitates direct connectivity to TIPS (Target Instant Payment Settlement), EBA RT1, and national immediate payment systems such as Romania’s SENT CPI.
Key features of the Payments Gateway include:
- - Support for immediate payment processing in both Euro and local currencies
- - Real-time monitoring and operational dashboards
- - High-volume transaction processing capabilities (up to 10 million daily)
- - Flexible integration with existing core and digital banking systems
This solution is provided on-site and is fully backed by Montran's local and international teams. As the landscape of electronic payments evolves, Montran is at the forefront, ensuring that banks can adapt to these changes seamlessly and effectively.
Conclusion
Montran has established itself as a leading provider of payment solutions and capital market infrastructure, defending a significant role in the landscape of international finance. Operating in over 90 countries and serving some of the world’s foremost financial institutions, Montran remains committed to enhancing payment solutions and ensuring that banks are well-positioned for future demands. For more information on Montran and its services, visit www.montran.com.
Topics Financial Services & Investing）
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