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Payments General

Icon Solutions prepares for SEPA payments processing

Friday 4 August 2017 | 03:51 PM CET

Icon Solutions has announced it starts testing the Instant Payments Framework (IPF) and RT1, EBA Clearing’s solution for SEPA payments processing.

Icon has previously completed testing between IPF and SIAnet, and is working towards delivering a solution to help banks implement instant payments in Europe.

Instant Payments Framework (IPF) leverages 10 years of instant payments experience in Europe and Asia. IPF’s data format accommodates the data requirements of any payment system, being easy to integrate with existing ledgers, screening and fraud systems, while providing operational monitoring and control.

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