EBICS on the Iberian peninsula

puzzle with the national flag of spain and euro banknoteIn 2014, the majority of Portuguese banks opened an EBICS channel based on version 2.4.2 of the protocol. Only the T profile is really used at the moment, however many companies would like to use the personal signatures that foreshadow the operation of the TS profile in the short term.

At the moment, very few Spanish banks offer their business customers the option of managing their financial transactions by means of the EBICS protocol. However, demand is getting more and more significant, as demonstrated by the presence of several participants at an event organised in Madrid by the Spanish Association of Corporate Finance Officers and Treasurers (ASSET) on 20 January.

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Internationally in harmony with EBICS BTF

Correct BalanceSabine Wenzel, EBICS Secretary, EBICS SCRL

In 2010, the French CFONB and German DK banking authorities created a joint EBICS committee. One of its visions is to harmonise EBICS. The different procedures that already existed in these countries influenced the EBICS specification and are making it more difficult to implement EBICS. Germany and France use different approaches for the (short) identifiers for business transactions and for the formats to be used. This topic was given further momentum when Switzerland joined the EBICS SCRL. A harmonisation project was initiated with the goal of a standardised procedure for all of EBICS. This consolidation is known as EBICS BTF. Continue reading

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SIBOS 2015: Payments in motion

© SWIFT

© SWIFT

At SIBOS in Singapore traditionally SWIFT is starring and EBICS plays a supporting role. Nevertheless, the interest in the use and the future development of EBICS was great. More than 8000 visitors came to the exhibition at the Sands Expo and Convention Centre. This made SIBOS in Singapore the biggest event in Asia and the second largest in the world. The prevailing topics show that there are going to be even more major changes in payments. Continue reading