VocaLink and Eiger Systems launch Corporate Access service for
European payments
Boston, 2 October 2007: VocaLink, the transaction specialist and Eiger Systems, an Experian company, today announce a partnership to provide a new Corporate Access service to banks and their major business customers across Europe. The service provides banks with a complete platform for their business customers to use for submitting their euro payments. It will offer secure access through a single channel to shared services for banks and their business customers allowing them to originate and manage SEPA transactions.
Companies are looking to take advantage of lower transaction costs and increased business volumes as new international business opportunities emerge as a result of SEPA. Building on the recently launched VocaLink Euro Clearing and Settlement Mechanism (CSM), as well as VocaLink’s experience and Eiger Systems’ software expertise, this end-to-end service will allow businesses to take full advantage of the opportunities that the SEPA provides. It will also give banks a significant competitive edge by enabling their business customers to take advantage of the latest SEPA schemes at a low cost.
Banks offering the Corporate Access service to their business customers will register and control the rights of their users online. Advanced gateway software from Eiger Systems connects the corporate back office to the VocaLink Euro CSM service over a choice of secure connections with the identity of the customer authenticated using bank-issued IdenTrust credentials. The Corporate Access service can be branded by the individual banks to reinforce the bank’s role in providing access to euro payment services for their customers.
Marion King, chief executive of VocaLink says, “With SEPA compliance just around the corner, additional services such as Corporate Access will make all the difference in allowing banks to retain and attract new customers. The service is the first of a number of value added services we are developing for our Euro CSM customers and builds on our extensive experience of running similar services for our existing customers. Businesses across the SEPA are looking for this type of service and our partnership with Eiger Systems means that we can now help our bank customers offer a truly comprehensive solution.”
Jim Conning, managing director of Eiger Systems says, “Our gateway software is key to providing the seamless and reliable integration of the new Corporate Access service with the corporate’s business applications. By partnering with VocaLink we allow banks to offer their business customers an end-to-end service with minimal interference to their current processes. Our Corporate Access service will help to make an efficient SEPA a reality for both banks and their business customers.”
To launch the new Corporate Access service, VocaLink and Eiger Systems are hosting a special interest session at SIBOS in Boston on Tuesday 2 October 11am – 12.30pm in room 209. The session will focus on the challenges and rewards of processing SEPA payments and will provide an excellent opportunity for companies to understand the benefits of the Corporate Access service. Corporate Access leads a suite of new products being launched by VocaLink to support SEPA.
Related link
Follow this link to read more about VocaLink Corporate Access.