ACH recommend European banks participate in SWIFT programme

06 June 2007

Six Automated Clearing Houses processing the majority of retail payments in Europe will test compliance with SEPA standards using the SWIFT Testing Programme. ACHs are also encouraging their clients, the major banks across Europe, to join the one-time testing programme as part of their operational readiness assessment. More than 130 financial institutions have registered to date.

The SEPA Testing Programme is managed by SWIFT and designed in close coordination with the European Payments Council. It also meets calls from regulatory authorities for SEPA compliance of ACHs.

The SEPA Testing Programme will go live on 2 July 2007.

Press release

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