Deployed based on Dovetail’s standard SEPA Reference Solution, other functionality on the Payments Hub is scheduled for implementation in stages in the first half of 2013.
The KBC Bank Ireland program provides full SEPA Credit Transfer and Direct Debit processing for mandate management, full Debtor and Creditor Services as well as automatic processing of all ‘R’ messages from clearing channels and clients.
In addition to supporting the bank’s retail services in Ireland, the program will allow the bank to enhance payment services to other currencies both domestically and cross border.
KBC Bank operations head Eamonn Tuffy said, "This approach enabled us to avoid the two main pitfalls in such a potentially complex project — building a custom solution in toolkit technology or making significant customisations in code."
