Sterling Commerce, an AT&T Inc nnounced the availability of Sterling EBICS (France) Banking Server Module, an add-on to Sterling Integrator, part of the Sterling Business Integration Suite.
French banks will now be able to fully integrate EBICS transmissions with SWIFT and other existing payments processes within a consolidated payments processing environment.
The robust security, governance architecture and standards support delivered in the Sterling EBICS (France) Banking Server Module provides French banks and international banks operating in France with a comprehensive processing solution for inbound and outbound EBICS transmissions.
The Module is fully integrated with the Sterling Integrator data authentication, validation, conversion and routing processes and financial standards libraries. Overall, therefore, the solution offers seamless and secure interoperability with other data formats and networks such as SWIFTNet, and an opportunity for incremental consolidation of payment operations.
“For financial and commercial communities in France, the EBICS implementation timeframe introduces an additional layer on top of other critical change programs, not least the concurrent introduction of SEPA Direct Debits and the implementation of Payment Services Regulations together with other credit and liquidity risk reporting requirements,” says Trevor LaFleche, Senior Analyst, IDC Financial Insights.
“With the current availability of ETEBAC protocols expected to end in 2011, both banks and commercial enterprises must evolve their business-to-business systems to support EBICS as the new standard for business data communication, and achieve that evolution while maintaining ‘business-as-usual’,” says Richard Spong, Financial Services Industry Marketing Manager, Sterling Commerce, EMEA.
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