D+H Accelerates Adoption of European Instant Payments by Providing a Cloud Test Environment for European Banks
New York, March 27, 2017, /CNW/ – DH Corporation (TSX: DH) (“D+H”), a leading provider of technology solutions to financial institutions globally, today announced that it is offering a cloud-based instant payments testing environment for the European market. The testing environment will provide simulated connectivity to EBA CLEARING’s pan-European instant payment infrastructure solution, which is aimed at supporting European payment service providers in fully complying with the European Payments Council’s SEPA Instant Credit Transfer (SCT Inst) Scheme. This environment will enable banks adhering to the SCT Inst Scheme to utilize D+H’s web and mobile instant payments initiation channels and payment hub solution to experiment with and test instant payments quickly, easily and with low risk.
D+H’s SCT Inst testing environment follows the launch of its U.S. testing environment, which offers simulated connectivity to The Clearing House’s Real-time Payments System. The SCT Inst test environment will provide banks with simulated connectivity to the EBA CLEARING instant payment infrastructure, and accelerate their adoption of this new payment mechanism with minimal investment. Banks will be able to easily assess the benefits that instant payments provide, including enhanced operational efficiencies, access to new customers and increased competitive advantage.
Users of the test environment can also directly connect their own payment channels and apps utilizing D+H’s open API layer. This enables banks to test compliance with PSD2 requirements and explore a wide range of PSD2 related use cases and business opportunities, including Payment Initiation Service (PIS) workflows for Account Servicing Payment Service Providers (AS-PSPs).
“D+H is applying its depth and breadth of experience working with instant payment schemes around the world to help European banks realize the benefits of instant payments, and quickly adopt solutions to enable real-time payments when SCT Inst is live in November,” says Moti Porath, Head, Product Management, Global Payments Solutions, D+H. “Our cloud-based testing environment offers banks a low-cost, low-risk way to explore the possibilities of 24x7 instant payments, and a natural migration path to full participation in the evolving instant-payments ecosystem.”
D+H (TSX: DH) is a leading financial technology provider that the world's financial institutions rely on every day to help them grow and succeed. Our global payments, lending and financial solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues in excess of $1.6 billion CAD, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward rankings. For more information, visit dh.com.
SOURCE DH Corporation