Fiserv Underpins European First Movers to Instant Payments
November 20 2017 - 4:00AM
Business Wire
As EBA RT1 and other real-time systems go live,
banks are connecting to deliver an enhanced customer experience
Fiserv, Inc. (NASDAQ:FISV), 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.
About Fiserv
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.
FISV-G
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version on businesswire.com: http://www.businesswire.com/news/home/20171120005380/en/
Media Relations:Ann CaveDirector, Public
RelationsFiserv+1-678-325-9435ann.cave@fiserv.comAdditional
Contact:Sharada AlvakondaMarketing Communications ManagerDovetail
now part of
Fiserv+44-20-3764-1582sharada.alvakonda@dovetailsystems.com
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