How to enhance EBICS, Part 6 – Unique identification of the acting person

Identity CardIs it possible for a payment order that actually has to be authorised by two different persons in EBICS to be released by only one person? Yes, under certain circumstances this is possible. For certain contract constellations between the financial institution and the corporate customer, it is not possible to uniquely identify the acting person.
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What about EBICS in Morocco?

Flag of Morocco sticking in a pile of various european banknotesThe rise of EBICS in Europe hardly needs to be demonstrated any longer. But what about its development outside the borders of the European Union? There is one continent that to me seems perfectly suited to the adoption of a modern, high-performing and universal protocol for final flow exchanges such as EBICS: Africa. To be more precise, Morocco is the first place I think of, for reasons explained below. Continue reading

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The Luzerner Kantonalbank AG offers corporate customers advanced solutions for EBICS and ISO 20022

ISO 20022_StempelRaphael Häfliger, Cash Management Services, Luzerner Kantonalbank AG

Since 2014, the Luzerner Kantonalbank AG (LUKB) has offered the EBICS communication standard in Switzerland, thus positioning a comprehensive service for professional payment transactions on the market. After the successful introduction of EBICS, it’s now time for the next step: As the first financial institution on the Swiss financial market, from autumn 2015 the LUKB will begin with the pilot phase of the launch of the “distributed electronic signature” (VEU). Continue reading

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EBICS – on the way to the European market standard

Night view of EuropeAxel Weiß, Chairman of Board of Directors EBICS

Since 1995, corporate customers in Germany have handled payment transactions securely with every bank via a standard product and an electronic signature.

Already in 2003, the enhancement of the DFÜ Agreement was initiated by an internet-based version This variant of the DFÜ procedure was called EBICS “Electronic Banking Internet Communication Standard”. With this extension, the German banking industry met the requirement of customers and institutes for internet-based solutions in electronic banking.

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EBICS and mobile payments in France

Sign Up Concept

Photo: © Krasimira Nevenova –

In the “EBICS – a European standard for mobile payments” series, we will examine the situation in France.

A mobile solution allowing all users to sign for transactions remotely – in compliance with the EBICS TS protocol – would satisfy the requirements of the increasing number of “nomadic” signatories who are hoping that mobile banking with EBICS will soon finally become a reality.

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High-availability payment transactions with EBICS and SWIFT

KarabinerverbundEuropean inter-bank payment transactions move several trillion euros a day. This gigantic volume is processed bilaterally via national and European clearers such as TARGET2, STEP2 and SEPA-Clearer. The unobstructed flow of money is essential for the economy and for our entire way of life. For this reason, the IT systems involved are highly security-critical. Only the redundant use of the two transport protocols EBICS and SWIFT provides the necessary high-availability transport.

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EBICS as the European standard for mobile payments?

Smartphone pay_002With all the developments currently taking place in mobile payments, it’s easy to get lost. New solution providers are almost sprouting like mushrooms and there’s a whole maze of technical standards. In a growing field of business, banks risk being left behind. Could a European standard such as EBICS be an answer?

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