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SIX Financial Information U.K. Ltd Office

15, Appold Street
London
GB

SIX Financial Information Switzerland Office Head Office

Hardturmstrasse 201 Postfach 1521
Zurich
CH

SIX Financial Information USA Inc., Stamford Office

River Bend Center One Omega Drive, Building 3
Stamford
CT
US

Telephone

+44 (0)20 7550 5411

Contact

Kimberly Neumann
[email protected]
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"Swiss-Made" Direct Debits for Europe

SIX Group, the Swiss financial market infrastructure provider, will offer a SEPA-compatible direct debit service in cooperation with the SECB Swiss Euro Clearing Bank, Frankfurt, starting November 2, 2009. The offer is aimed at financial institutions in Switzerland and 30 other countries within the Single Euro Payments Area (SEPA) that would like to offer their customers the option of collecting standardized euro direct debits throughout Europe.

The new joint service package was developed by SIX Interbank Clearing and SIX Paynet together with the SECB on behalf of the Swiss financial center and with the participation of Swiss financial institutions. The service provides financial institutions of all sizes the option of outsourcing the processing of SEPA direct debits. SIX Group and the SECB provide the technical requirements for the rule-confirming processing of SEPA direct debits throughout Europe. This means that financial institutions throughout the SEPA zone can introduce euro direct debits for their customers easily, quickly and inexpensively without having to make expensive adaptations to their internal payment traffic infrastructure (e.g. e-banking applications).