SEPA Directory to Help Banks Prepare for New Payment Requirements

LONDON-UK-based payments reference data provider CB.Net has teamed up with IT company LogicaCMG and gone live with a solution ensuring transactions meet the requirements of the new EU directive on a Single Euro Payments Area (SEPA), which becomes law in January 2008.

The SEPA Directory provides payments data, including Bank Identifier Codes (BICs) and National Codes throughout the SEPA region, and an International Bank Account Number (IBAN) to BIC validation and link tool. In addition, it off