VocaLink selects IONA to help banks migrate to Sepa systems

VocaLink, a payment processor, has selected IONA's Artix Data Services to support its Euro Payment Service.

VocaLink, a payment processor, has selected IONA's Artix Data Services to support its Euro Payment Service.

IONA will help VocaLink to reduce costs and complexity for customers migrating to Sepa (Single European Payments Area) payment processing standards.

VocaLink provides its banking customers with the facility to translate legacy format payments into a Sepa-compliant format, and will use Artix Data Services to do it, minimising the impact of Sepa compliance for customers.

Sepa came into effect on 28 January and harmonised the payment systems between countries in Europe.

During the Sepa migration phase, the banking industry has to support existing legacy domestic payment message types, new Sepa message types and Swift message types for international transactions.

Nick Masterson-Jones, director of IT at VocaLink, said, "We selected IONA's Artix Data Services as a key part of our technology stack, having been impressed with the depth of the product and the support offered. Artix provides us with a fast and cost-effective system as part of our message reformatting service."




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