The following tasks have been implemented within the scope of the project:
â¢ Currency rate retaining in payment operations, when performing money conversion, writing off single and periodic commission fees;
â¢ Currency rate retaining in operations with payment cards, when the currencies of paying-in and writing-off differ;
â¢ Automatic setting of commission feesâ type (SHA) for the payment operations according to the currency and the fund beneficiaryâs country;
â¢ Payment details in the commission feesâ operations;
â¢ Display of payment details in printable and electronic statements;
â¢ Relevance of payment documentsâ prints to law requirements.
Single Euro Payments Area (SEPA) is a European banking sectorâs self-regulating initiative, which stipulates harmonisation of payment products, infrastructures and technical standards. Payment Services Directive (PSD) has been created following the EU rules and it provides the required legislation base, within the framework of which all the payment service providers will operate.
The Directive by unifying the requirements of the applied legal acts greatly simplifies the use of SEPA means for the banking sector and consumers. It creates the basis for general local market of Euro payments.