#Romania #Instant Payments #Montran #SEPA #Cluj

Montran Expands SEPA Instant Payment Services Across Europe

Montran Corporation, known globally for its advanced payment system infrastructures, has officially expanded the availability of its consulting and connectivity services for SEPA (Single Euro Payments Area) instant payments throughout Europe. This move is aimed at supporting banks as they adapt to new regulations set by the European Union, which mandate that Eurozone banks must be able to send and receive SEPA instant payments starting October 2025. For non-Euro EU countries, the deadline extends to July 2027.

The expansion comes on the heels of successful implementations of Montran’s services in several key markets including Belgium, Germany, France, the United Kingdom, Bulgaria, Italy, and Romania. Keith Esca, Global Sales Director at Montran, emphasized the growing importance of instant payments, stating, "Instant transfers are becoming the new standard in the EU. We are now providing our implementation services and proven connectivity solutions to more banks, helping them reliably meet regulatory deadlines."

A Broader Scope of Consulting Services

Montran’s consulting teams are well-equipped to assist banks in fulfilling SEPA’s requirements for instant payments. Their services cover everything from project planning to actual implementation, offering banks comprehensive guidance. Specific services include:

• - Interpretation of SEPA Instant Documentation: Assisting banks in understanding and navigating the SEPA documentation effectively.
• - Analysis of Message Flows and Business Rules: Ensuring that the transaction processes align with SEPA regulations.
• - Workshop Sessions and Internal Training: Running sessions to educate bank staff on instant payment operations.
• - Support for Internal Audit Documentation: Aiding banks in collecting and prepping necessary documentation for audits.
• - Ongoing support for project teams: Providing continuous assistance during the project's lifecycle.

With experience from supporting over 30 banks on instant payment projects, Montran’s consulting services aim to simplify the complexity and hasten readiness for banks looking to adopt these new systems.

Enhanced Connectivity Solutions for Instant Payments

In addition to consulting, Montran is expanding the reach of its Payments Gateway. This scalable solution, previously utilized by banks and central infrastructures, is now available more widely across Europe. It allows for direct connectivity to TIPS (TARGET Instant Payment Settlement), EBA RT1, and national instant payment systems, such as Romania's SENT CPI.

The Payments Gateway includes a range of capabilities, such as:

• - Support for Instant Payment Systems: Coverage for both Euro and local currency instant payment systems, ensuring flexibility for various markets.
• - Real-time Monitoring and Operation Dashboards: Allowing banks to track transactions instantaneously, enhancing operational efficiency.
• - High Transaction Volume Processing: Capable of handling transactions at rates of up to 10 million per day.
• - Flexible Integration: Easily integrates with existing core and digital banking systems, reducing the barrier for banks to adopt new technology.

All solutions are deployed on-site and are fully supported by Montran's local and international teams, ensuring a seamless experience for banking institutions transitioning to instant payment systems.

About Montran Corporation

Montran is recognized as a leading provider of payment and capital market infrastructure solutions, serving major financial institutions with critical installations and operations in over 90 countries worldwide. For more information about their services, visit www.montran.com. Overall, Montran’s commitment to enhancing the SEPA instant payment landscape will significantly aid European banks in adapting to upcoming regulations, ultimately improving transaction efficiency and customer satisfaction.