RCI selects C24 Technologies for data exchange in conformity with SEPA

Thursday 13 March 2014 07:48 CET | News

Financial institution owned by Renault, RCI Banque, has selected C24 Technologies, a provider of financial services messaging and integration solutions, to enable the exchange of financial data in conformity with the Single Euro Payment Area (SEPA) initiative.

C24 Technologies’s solution, dubbed C24 Integration Objects (C24-iO), will allow Renault Financial Group to adopt electronic payments in compliance with European Union regulations and SEPA technical implementation requirements. In terms of technology, the solution provides support for several data formats (local ACH, SEPA and SWIFT), transformation of payments, error handling for rejected messages, and reporting.

The solution enables exchange of critical financial data in SEPA format while maintaining compatibility with domestic syntactical formats (Minos and CFONB). C24-iO’s messaging standards libraries include the message syntax, validation rules, and test cases of valid and invalid data to ensure completeness of testing procedures.

RCI Banque is a French bank specializing in automotive financing and services for the group’s clients and dealer network (Renault, Renault Samsung Motors and Dacia) throughout the world and the Nissan group (Nissan and Infiniti) mainly in Europe and South America.

C24 Technologies is a software company specialising in financial services messaging and integration solutions. Support is provided for over 40 industry standards including SWIFT MT-MX, ISO 20022, FpML, FIX and SEPA.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: RCI, C24 Technologies, data exchange, SEPA, payments , general
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce

Industry Events