The company’s SEPA Credit Transfer service is set to reduce an organization’s cross-border execution time for euro payments from three business days to one business day.The service is enhanced via hyperWALLET’s brandable payment applications across both web and mobile channels which are available in multiple currencies and languages.
By adding SEPA, hyperWALLET’s global payment network now supports payment distribution to 58 countries, including support for euro transfers to Bulgaria, the Czech Republic, Hungary, Iceland, Liechtenstein, Lithuania, Monaco, Romania, Slovakia, Switzerland and the UK.
The SEPA Credit Transfer initiative has been introduced by the European Payments Council (EPC) in January 2008 to set up a borderless system for euro payments. The initiative enables banks and businesses to migrate from country-specific domestic payment systems towards the pan-European service that SEPA offers.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now