Every bank offering payment services in the Euro currency must comply with new operating frameworks for the Single Euro Payments Area (SEPA), which aims to transform individual national retail payment markets into one pan-European market with massive potential cost savings for corporate and public sector customers. The SEPA project is designed to eliminate national differences in payment instruments and processing infrastructures in Europe, and harmonize fees for cross-border and domestic Euro transactions.
CSC’s PTS/SEPA System is standard but customizable software with a Web front end that enables banks to get ready for SEPA without a major investment. It delivers efficient and cost-effective straight-through processing of global electronic payment transactions.
Case Study
Commerzbank
One of the leading European banks upgraded its payments and transaction technology platform with CSC’s SEPA-compliant PTS application, increasing efficiency and cost savings, and opening new market opportunities.
White Paper
SEPA: Reaping the Benefits of Strategic Payments Management
CSC explains what the Single Euro Payments Area (SEPA) project means for financial institutions, business and the public sector. Getting the most from SEPA requires a new vision of payments.
CSC’s PTS is a standard, integrated set of applications that has been proven at more than 80 client sites. Easy to customize and configure, PTS/SEPA modules can be used independently, allowing a bank to configure a solution that best meets its unique needs. To offset potential fee revenues loss in the payments services space, PTS/SEPA also helps banks find new business opportunities such as:
- New products and services to help banks’ corporate customers get additional benefits from SEPA
- New bank-to-bank business through sharing and outsourcing of payments services
- Technology leverage to improve profitability of many types of customer transactions
- ‘Thought leadership’ role to position banks as direct contributors to the organizational efficiency of their corporate customers.
For More Information
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