The introduction of the Single Euro Payments Area (SEPA) has meant that the banking industry is being faced with both a significant challenge and a great opportunity. SEPA will reduce euro cross border charges to the same level as domestic charges and thus create a single payment market in Europe. As well as meeting its basic requirements, institutions will also need to support demands for reduced pricing, end-to-end STP, integrated financial and physical supply chains, real time information and transparent pricing.

All of this means that as well as supporting new SEPA Credit Transfer (SCT) and SEPA Direct Debit (SDD) schemes based on interoperable formats and processes, banks need to deal with the increasingly competitive payments landscape. They must therefore improve their internal efficiency to keep up with the pace of change, creatively differentiate themselves from the competition, maintain profit margins and generate revenues.

PELICAN for SEPA™ is a low risk, cost effective solution from ACE Software Solutions that gives you the ability to solve technical and functional SEPA compliance issues without modifying other internal systems. It provides the flexibility and extensibility to cope with any future changes to the payments landscape.