As EBA RT1 and other real-time systems go live, banks are connecting
to deliver an enhanced customer experience
LONDON & BROOKFIELD, Wis.--(BUSINESS WIRE)--
a leading global provider of financial services technology solutions,
today announced that Fiserv technology will support multiple ‘wave one'
banks for EBA RT1, the first pan-European clearing platform for
real-time payments in euro. Slated to go live 21 November 2017, EBA RT1
facilitates 24/7 payments in line with the SEPA Credit Transfer Instant
(SCT Inst) Scheme of the European Payments Council (EPC).
Fiserv is enabling the shift to real-time payments for banks with a
presence in a total of nine European countries. The banks utilize the
Dovetail payment solution from Fiserv, which was the first to be tested
and confirmed ready for SCT Inst in
partnership with a leading European bank earlier this year.
The Dovetail payment solution offers unmatched support for real-time
clearings, including RT1, TIPS and Equens across Europe, and STET in
France and Belgium. The Dovetail solution enables native, real-time item
level processing and support for 10 instant payments infrastructures
globally, including the new U.S. real-time payment capabilities
available through Zelle® and The Clearing House.
Fiserv is a market leader in euro RTGS and SEPA transaction processing
volumes and provides SEPA processing for EBA STEP2, Equens, STET and
EURO1 and TARGET2.
The Dovetail payment solution enables banks to connect to any of these
clearings from a single platform in a way that best matches their needs,
including direct connectivity or via SIA, EBICs, or SWIFT.
"As the European real-time payments market moves to execution phase,
Fiserv is well positioned to deliver a real-time advantage to our
clients," said Martin Coen, senior vice president, Billing and Payments
Group, Fiserv. "The flexibility of our solutions to deliver end customer
payments seamlessly across all payment types is helping our clients to
innovate more quickly and reliably than their competition."
Dovetail solutions are offered by Fiserv as a result of its recent
acquisition of Dovetail Group Limited. Learn more at dovetailsystems.com.
In a world moving faster than ever before, Fiserv helps clients deliver
solutions that are in step with the way people live and work today -
financial services at the speed of life. Learn more at fiserv.com.
Fiserv, Inc. (NASDAQ:FISV) enables clients worldwide to create and
deliver financial services experiences that are in step with the way
people live and work today. For more than 30 years, Fiserv has been a
trusted leader in financial services technology, helping clients achieve
best-in-class results by driving quality and innovation in payments,
processing services, risk and compliance, customer and channel
management, and insights and optimization. Fiserv is a member of the
FORTUNE® 500 and has been named among the FORTUNE Magazine
World's Most Admired Companies® for four consecutive years,
ranking first in its category for innovation in 2016 and 2017. For more
information, visit fiserv.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171120005380/en/
Director, Public Relations
Marketing Communications Manager
now part of Fiserv
Source: Fiserv, Inc.
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