Paris – 5 September, 2012
–– In response to the upcoming SEPA compliance requirements deadline of February 1, 2014, comes the need for enhanced payment architectures. Axway
(NYSE Euronext: AXW.PA), and its partners can help corporations negotiate the transition by providing all the necessary transformation and mandate management capabilities – without disruption to a corporation’s existing operations. Axway Financial Exchange (FEX) provides a global payment flow exchange platform customized for enterprise size and business needs.
By facilitating cross-border transactions, SEPA will require further European financial and monetary integration, where standardized payment instruments will make payments more efficient and harmonize the handling of international and national payment orders. Therefore SEPA compliance requires companies to completely give up their existing domestic payment instruments for credit transfers and direct debits, and to instead switch to a new, XML-based format — as well as BIC/IBAN international account identifiers — before February 1, 2014. Axway FEX is a multi-channel, multi-enterprise, multi-service exchange platform designed to help companies:
- • manage, exchange and translate financial flows
- • guarantee strong business visibility and data quality assurance
- • power financial performance by securing underlying financial processes and flows
“The impact on most payment and sales-cycle processes, as well as IT systems, will be significant,” said Mathias Bonnard, director, product and solutions marketing, Axway. Rather than changing payment systems, organizations can use Axway’s exchange platform that provides SEPA transformation and enrichment capabilities and move to a centralized processing of their payment flows for easier management and better visibility into their payment process.” said Mathias Bonnard
Axway (NYSE Euronext: AXW), the Business Interaction Networks company, is a software and services company registered in France with headquarters in Phoenix, Arizona. Established in 2001, Axway serves more than 11,000 organizations in 100 countries, with offices around the globe. Our award-winning products, solutions and services enable the business-critical transactions required to accelerate performance within and among enterprises – while providing management, security and governance on interactions throughout business networks. Axway’s industry-leading offerings include: business-to-business integration, managed file transfer, secure email, business operations monitoring, process management and identity validation solutions, as well as professional and managed services, cloud solutions, and Software-as-a-Service. More information is available at www.axway.com.