Bundesbank and Equens will start exchanging SEPA payments

The interconnection between the CSM operated by Equens and the 'SEPA Clearer' of the Retail Payment System (RPS), the Bundesbank’s CSM, will allow them to reciprocally exchange SEPA Credit Transfers on behalf of their respective banking communities in a reliable, fast, and cost-efficient way. The cooperation is based on the Technical Interoperability Framework designed by the European Automated Clearing House Association (EACHA).

Michael Steinbach, Chairman of Equens' Board of Directors: “We are always aiming to improve the services for our clients. The connection to Deutsche Bundesbank’s CSM community is an important step for us in gaining full reach in Germany.”