BAI2 Format Specification 6

BAI2 Format Specification – Corporates are using a variety of bank statement formats to receive information from their bank(s) about the activity happening on a given account. While most corporates are using the MT940 format, other bank statement formats are of course available and┬ábeing used. One such example is the BAI2 format. Just before the ...

Sibos Conference 2014 – 5 Tips For Newbies 3

Fresh from the summer break most of us are now back to work and wondering what all the SEPA fuss was about? Dare I say it, the August 2014 deadline has come and gone and for many of us things are going pretty well. As they say “no news is good news” and on the ...

MT940 Format Overview 15

It is fair to say that most SEPA implementations are focusing on SEPA compliance, and rightly so! This focus will ensure that corporate payments and direct debit collections can continue to happen uninterrupted after the SEPA deadline. The spotlight for now is very much on the corporate to bank space. Less attention is being given ...