Standards for payment transactions
Our IT security update is due in November 2024. That means outdated software components will no longer be supported. You can take action today – we have compiled the most important information for you.
We can help you manage your payments securely and efficiently. Take advantage of SEPA credit transfers and SEPA direct debits, particularly fast payment options, and reliable solutions for international payments. EBICS ensures that your payment data is transmitted automatically and securely.
The requirements for payment transactions are constantly evolving. With the updates outlined in Annex 3 of the German Banking Industry Committee’s (Deutsche Kreditwirtschaft – DK) Electronic Data Interchange (EDI) Agreement, significant changes will take effect starting in 2026, and companies should prepare for them well in advance.
Banks in the Single Euro Payment Area will be required to carry out an IBAN name check (Verification of Payee) before every authorisation of a SEPA transfer and SEPA instant transfer.