EBICS isn’t just EBICS – on order types and format parameters

Geld und InternetEven though there is a standardised specification for EBICS, it is used differently across Europe for submission and for authorisation checks by the bank with regard to payment transaction orders. For example, only order types are used in Germany, whereas the French use the format parameters. But do customers have to know these differences? As I promised in my last post, here’s more on the subject. Continue reading

EBICS Working Group Meeting: Switzerland secures new momentum in EBICS

Meeting EBICS Working Group_BlogThe Swiss EBICS Working Group intends to put forward its ideas, particularly on order types, in September. This was one of the main results of the EBICS Working Group meeting held on 28 August. For the first time since the start of the German-French EBICS cooperation, the event was held in Switzerland. The reason is that Switzerland is preparing for its participation in the EBICS community. At the Hotel Renaissance in Zurich, within walking distance of the Swiss applicant SIX Interbank Clearing, experts from each of the three countries discussed the current situation in Switzerland and the planned extension of the new payment transaction standard. Continue reading