INTERCOPE supports SEPA Instant Payments in Europe as a Frontrunner Service Provider

INTERCOPE, a leading provider of financial messaging solutions and an Associate Member of the European Banking Association, today announced it is part of the frontrunner service providers ready to support banks to implement the EBA CLEARING instant payment service. The listing of frontrunner service providers has been introduced by EBA CLEARING to help European financial institutions identify service providers that can assist early adopters connecting to EBA CLEARING’s pan-European real-time payment infrastructure.

“Frontrunner service providers play a vital role in the broad adoption of instant payments across Europe by helping to facilitate connectivity to our pan-European infrastructure solution from the launch date on,” said Erwin Kulk, Head of Service Development and Maintenance at EBA CLEARING. “Their support is a key component of the major industry effort to make instant payments a reality for European businesses and consumers.”

In close cooperation with SIA, INTERCOPE currently extends its financial messaging solution BOX Messaging Hub to the specific requirements of instant payments and offers the participating institutions an integrated solution with highest reliability, availability, and performance. In addition, other network providers and standards such as SWIFT and EBICS can be supported on the same INTERCOPE BOX solution.

Several active BOX users are part of the funding members of the EBA CLEARING Instant Payment initiative and plan to use BOX as Messaging Intelligence for Instant Payments. In addition, several providers of Messaging Infrastructure, Payment Hubs and Payment Applications are in discussions with Intercope for using BOX Messaging Intelligence for their Instant Payments offerings.

“We are very excited to work with our customers on helping them implement and realise instant payments across Europe. Our BOX solution continues to increase its capability with the help of our loyal customer base, and now provides optimised connectivity to the SEPA Credit Transfer Instant scheme. We look forward to continuing the journey of European payments with EBA, SIA and our customers,” said Reinhart Laumer, CEO of INTERCOPE.